Wed, 14 Dec 2016 12:18:09 +0000 COMMERCIAL banks’ current account balance increased by K306.81 million to close the Monday trading session at K2,267.31 million as the Kwacha is anticipated to maintain a tight range against the dollar. According to Cavmont Bank Zambia daily market report, the aggregate current account of all commercial banks in Zambia rose from K1, 960.50 million recorded on Friday last week to K2, 267.31 million. The bank further reported that while the commercial banks’ current account increased, the overnight borrowing and lending rate decreased by 0.03 percent to 16.12 percent. Cavmont reported that total funds therefore traded on Interbank market stood at K53.08 million. On the local market, the Kwacha maintained a tight range against the greenback during Monday’s trading session. The banks reports that the local currency did however make a brief appreciation from the day’s opening levels of K9.850 / K9.900 to touch an intra-day high of K9.810 / […]
Commercial banks current account balance increases to K307m
