Bloomberg News

Zambian Kwacha Heads for Strongest Close Since November

July 04, 2012

Zambia’s kwacha gained 2.6 percent against the dollar, heading to its strongest close in nearly eight months.

The currency of Africa’s biggest copper producer advanced the most since September 27 to trade at 5,034 a dollar by 6:04 6:04 p.m. in Lusaka. Earlier it traded as high as 5,014 per dollar, its strongest level since Nov. 9.

To contact the reporter on this story: Matthew Hill in Johannesburg at mhill58@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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