Zambia's kwacha firmed 1.4 percent against dollar on Monday, buoyed by last week's pledge by President Edgar Lungu to cut spending and support the struggling mining sector.
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Kwacha firms more than 1.4 percent against dollar
The kwacha touched a session high of 10.1500 per dollar, within easy reach of last Friday's 2-1/2 month high of 9.9900.
"The kwacha continues strengthening against the greenback and other major convertibles, backed by tight monetary policy and continued dollar flows from corporates,"BancABC said in a note.
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