KABANDA CHULU, LusakaTHE Kwacha has continued to shed out marginal gains made in previous weeks against the United States (US) dollar due to a reduction in the supply of the green back. The local currency has depreciated marginally to trade above K16.00 on average at selected commercial banks and bureaux de change in Lusaka and Kitwe. Since July 22, 2021 when the Kwacha traded close to K23.00 per US dollar, the local currency has been bullish and traded at K15.50 until last Friday. At Golden Coin, C&A and Dilt bureaux de change, the local currency was trading between K16.15 and K16.42 on bid and offer, respectively. “The local currency opened trading with players quoting K16.10 and K16.15 per dollar and stayed CLICK TO READ MORE

Source: The Local September 09, 2021 08:26 UTC