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In Zambia: Kwacha strengthens as dollar rally pauses

A man displays a 50,000 Kwacha note in Lusaka January 23, 2012. REUTERS/Mackson Wasamunu

By 0905 GMT, the kwacha had gained 6.02 percent to 11.7200 per dollar, its firmest level in nearly a week.

Zambia's kwacha firmed on Wednesday as the dollar paused its recent rally, helping to soothe the currency of Africa's number two copper producer after the metal's price hit a six-year low.

By 0905 GMT, the kwacha had gained 6.02 percent to 11.7200 per dollar, its firmest level in nearly a week.


In Zambia: Kwacha strengthens as dollar rally pauses Reviewed by Olusola Bodunde on 07:42 Rating: 5

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