Kwacha projected to trade under pressure
By NATION REPORTER
THE coming days are likely to have the Zambian Kwacha trade under pressure subject to forces of demand and supply.
During the Friday’s market session, the kwacha depreciated against the United States dollar owing to mounting greenback demand from large corporates and merchandise importers amid short supply.
This is contained in the Absa Bank Zambia daily market update issued yesterday.
“The market opened with the local unit’s interbank trading at K27.850/27.900 on the bid and offer respectively, before CLICK HERE TO READ MORE
