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Zambian Kwacha (ZMK) |
Reuters
May 7
Comment
Malawi scrapped its currency peg to the dollar on Monday, triggering a devaluation of around 50 percent in the kwacha as it sought to unblock frozen aid and halt a downward spiral in the economy of one of Africa's poorest states.
Reuters
Apr 30
Comment
Malawi will devalue its kwacha currency to smooth negotiations with the International Monetary Fund, which is considering a request from the Southern African state for a new financing programme it needs to unlock aid.
Reuters
Apr 23
Comment
Zambia's kwacha currency will strengthen modestly over the coming year as copper prices stay strong despite disappointing Chinese economic growth, a Reuters poll showed on Monday.
Reuters
Mar 12
Comment
Malawi will introduce a new 1,000 kwacha note in July to combat rising inflation that has eroded the value of the currency, Reserve Bank of Malawi Governor Perks Ligoya said on Monday.
Mining Weekly
Jan 27
Comment
Konkola Copper Mines, the Zambia miner owned by Vedanta Resources, has awarded its workers a 17% pay increase, ending weeks of negotiations, a union official said on Friday.
"We signed the new agreement yesterday and the lowest paid employee will...
Reuters
Jan 23
Comment
Zambia will rebase the kwacha currency by lopping off three zeros Finance Minister Alexander Chikwanda said on Monday.
Reuters
Jan 10
Comment
Malawi should devalue the official exchange rate further to between 230 - 250 against the dollar to address a foreign exchange shortage and stem a thriving black market, the International Monetary Fund said.
Reuters
Dec 29
Comment
Zambia expects GDP growth to slow to 6.5 percent in 2011 from 7.6 percent in 2010, mainly due to decreased output from the primary sector which includes mining, the Central Statistics Office said on Thursday.
Reuters
Nov 23
Comment
Malawi might be forced to devalue its kwacha currency further to address a thriving black market trade of the US dollar that threatens to derail an already weak economy, Reserve Bank Governor Perks Ligoya said on Tuesday.
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes a currency traded on the global foreign exchange market. View articles referencing this currency. |
The Zambian Kwacha is the currency of Zambia. The Kwacha replaced the British Pound (GBP) in 1968, but has suffered from high inflation since it was first issued.
The chart at left shows the USD/ZMK currency pair; the number of Zambian Kwacha equivalent to 1 U.S. Dollar (USD).
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