Zambian Kwacha starts new year by losing more value

Zambian Kwacha starts new year by losing more value

The Zambian Kwacha is having its worst start in six years amid a dollar shortage before presidential elections, according to Bloomberg news.
It is the worst since 2009.
The kwacha retreated for a third day, weakening 0.3 percent to 6.5511 per dollar as of 5:07 p.m. in the capital, Lusaka. That extended 2015’s losses to 2.5 percent, the biggest slide at the turn of the year since the first week of 2009.Screen Shot 2015-01-08 at 06.54.40

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