The Policy Monitoring and Research Centre (PMRC) is elated with the continued appreciation of the Kwacha against the United States dollar.PMRC Executive Director Bernadette Zulu said over the past week, the country has witnessed the appreciation of the Kwacha, the highest in its history at a rate of 5.6 percent from K22.69 on July 12 to K21.41 on July 23, 2021.Mrs. Zulu said despite the negative impact of the pandemic, notable shifts in the market have triggered the appreciation of the Zambian Kwacha.“According to the Bank of America, it is anticipated that copper prices could reach as high as US$20,000 per metric ton by 2025 amid the widening supply and demand deficits due to the United States led global economic rebound that would boost demand for metals used in manufacturing and construction industries,” she stated.Mrs. Zulu explained that the foreign earnings from copper exports are a critical factor that will strengthen the local currency as […]
KWACHA APPRECIATION ELATES PMRC
