By BUUMBA CHIMBULU ZAMBIA’S foreign exchange reserves rose to a record high of US$4.31 billion as at the end of December 2024, supported by project inflows from multilateral banks. Finance and National Planning Minister Situmbeko Musokotwane said this in his ministerial statement delivered to Parliament on the update on the performance of the economy as at January 31, 2025. Among other contentious issues raised in his statement, Dr Musokotwane highlighted that the country’s foreign exchange reserves rose to a record of $4.31bn at the end of CLICK HERE TO READ MORE
Foreign reserves in record high of $4.31bn
