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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.
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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.

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"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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