Africa-Press – Zambia. Zambia’s Foreign Reserves Hit Highest Point in a Decade!📈
In 2014, Zambia’s foreign exchange reserves peaked at just over $3.1 billion. Since then, we’ve seen ups and downs — from $2.7B in 2016 to about $3.0B in 2020.
But here’s the game changer:
1. In October 2024, our reserves hit a historic high of $4.17 billion!
2. As of May 2025, the reserves have hit the all high $4.5 billion representing 6 months import cover.
That’s real progress.
Why does this matter? Because strong reserves:
✅ Protect the Kwacha
✅ Support debt repayments
✅ Stabilize the economy
✅ Boost investor confidence
Let’s give credit where it’s due:
prudent fiscal policy, debt restructuring, and IMF-backed reforms are helping Zambia regain its financial footing.
Well done President Hakainde Hichilema and your Financial and Economics Team
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