When it was revealed that the International Monetary Fund (IMF) had authorized the $1.3 billion bailout for the country, the Zambian kwacha, which is currently trading at K15.40 for every dollar, beca...
Tag: Kwacha
IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing Currency – Emerging Markets Bitcoin News
After the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African country’s currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the...