Kwacha to fall to K11 per USD by next week

Kwacha to fall to K11 per USD by next week

Screen Shot 2016-06-01 at 13.16.10The Zambian Kwacha, currently trading at more than K10:50 (K10, 500) against one USD in Zanaco is set to sour to K11 per dollar by next week.

In most bureaux de change, you need about K10: 70 to buy One US Dollar.

On the Bank of Zambia the Kwacha opened trading today at K10.4881 per dollar but by 12:30 it fell to K10.4958. Bank of Zambia rates are the lowest.

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