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.
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.
A man displays a 50,000 Kwacha note in Lusaka January 23, 2012. REUTERS/Mackson Wasamunu
Zambia is Africa's second-largest producer of copper.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Poly education vital for tech upgrade, neglected by Govt - Osun College boss
Lagos Govt to offer hospital sign instructors for hearing, speech-impaired
Bwala makes case for Yahaya Bello, faults EFCC chair’s press briefing
How we reduced road traffic crashes by 42% – FRSC boss
Motorists express worry as long fuel queues resurface in FCT
Reno's $10,000 Challenge: I didn't build any school in Anambra, Obi opens up
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
ADVERTISEMENT