Rand catches up with depreciating Kwacha

Rand catches up with depreciating Kwacha

The Kwacha has massively lost value this week.
One US Dollar is fetching K15, 000 in private bureaux de change and K14, 800 in commercial banks.

And the South African Rand has for the first time since the Zambia Kwacha was rebased traded 1 to 1 with the Kwacha.

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