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.
Zambian kwacha firms to one-month high on dollar inflows
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.
"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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Niger Delta youths urge stakeholders to support amnesty program boss Otuaro
Dufil Prima Foods brings relief to indigent families in Abeokuta
World Bank anticipates substantial decline in global food prices by 2025
Yahaya Bello's nemesis, Akpoti tells EFCC to see ex-governor's case to the end
8 confirmed dead as floods sweep away truck attempting to cross flooded river
Chess master Tunde Onakoya's parents get house gift from good Samaritan
Teacher told everyone her man abandoned her for another woman — the truth was worse
Ile-Ife is our ancestral home, Benin Kingdom tells Ooni
American school refunds $760,000 Yahaya Bello deposit to EFCC
ADVERTISEMENT