In Zambia Kwacha slips as copper prices remain near one-month low

By 0911 GMT, the kwacha had weakened 1.21 percent to 10.4650 per dollar.

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A man displays a 50,000 Kwacha note in Lusaka January 23, 2012. REUTERS/Mackson Wasamunu play A man displays a 50,000 Kwacha note in Lusaka January 23, 2012. REUTERS/Mackson Wasamunu
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Zambia's kwacha fell more than one percent on Wednesday as persistent signs of an oversupply of copper amid tepid Chinese demand kept the metal's prices near a one-month low.

Zambia is Africa's second-largest producer of copper.

By 0911 GMT, the kwacha had weakened 1.21 percent to 10.4650 per dollar.

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