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Zambian kwacha firms to one-month high on dollar inflows

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LUSAKA (Reuters) - Zambia's kwacha firmed to a one-month high on Wednesday as foreign investors keen on buying government debt sold dollars to stock up on the local currency, one trader said.

The kwacha added more than 1 percent to 7.260 per dollar but pared some of those gains to trade at 7.250 at 1246 GMT.

"Some people offshore are selling to create kwacha for the bond purchase next week and for Treasury bills tomorrow," the trader, who did not want to be named, said.

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