{"id":58705,"date":"2024-02-25T22:58:37","date_gmt":"2024-02-25T22:58:37","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=58705"},"modified":"2024-02-25T07:50:05","modified_gmt":"2024-02-25T07:50:05","slug":"zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024","title":{"rendered":"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Zambia\u2019s kwacha has emerged as the top-performing African currency against the U.S. dollar in 2024, surging by 13.8% to 22.8 against the greenback. This increase is attributed to the aggressive monetary policy tightening by the central bank, which included raising commercial banks\u2019 reserve ratios and hiking interest rates. However, analysts emphasize that sustained strengthening of the kwacha depends on attracting more foreign investment.<\/p>\n

Last November, the Bank of Zambia raised the statutory reserve ratio for deposits in both local and foreign currencies by 3 percentage points to 14.5%. Despite government efforts to boost the sector, declining copper production, a crucial source of foreign exchange, has also impacted the currency\u2019s performance.<\/p>\n

Bank of Zambia governor Denny Kalyalya highlighted measures taken to address excessive demand, particularly from the mining sector. He emphasized the importance of increased foreign currency flows for further gains in the kwacha.<\/p>\n

Although the kwacha has weakened slightly this week, economists expect stabilization around 21-22 per dollar. The government is finalizing arrangements for new investors to take over key copper mines, aiming to attract additional investment.<\/p>\n

Analysts stress the importance of fiscal consolidation and balance of payments reform to establish an attractive policy environment and address structural imbalances. The conclusion of external debt restructuring is also seen as crucial to unlocking investment flows into the country.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Zambia\u2019s kwacha has emerged as the top-performing African currency against the U.S. dollar in 2024, surging by 13.8% to 22.8 against the greenback. This increase is attributed to the aggressive monetary policy tightening by the central bank, which included raising commercial banks\u2019 reserve ratios and hiking interest rates. However, analysts emphasize that […]<\/p>\n","protected":false},"author":84,"featured_media":58704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,248],"tags":[234,235,233],"class_list":["post-58705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nZambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024 - Zambia<\/title>\n<meta name=\"description\" content=\"Zambia\u2019s kwacha has emerged as the top-performing African currency against the U.S. dollar in 2024, surging by 13.8% to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024\" \/>\n<meta property=\"og:description\" content=\"Zambia\u2019s kwacha has emerged as the top-performing African currency against the U.S. dollar in 2024, surging by 13.8% to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-25T22:58:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024\",\"datePublished\":\"2024-02-25T22:58:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024\"},\"wordCount\":238,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024\",\"name\":\"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024 - Zambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg\",\"datePublished\":\"2024-02-25T22:58:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Zambia\u2019s kwacha has emerged as the top-performing African currency against the U.S. dollar in 2024, surging by 13.8% to ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg\",\"width\":1728,\"height\":1152,\"caption\":\"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/\",\"name\":\"Zambia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024 - Zambia","description":"Zambia\u2019s kwacha has emerged as the top-performing African currency against the U.S. dollar in 2024, surging by 13.8% to ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024","og_locale":"en_US","og_type":"article","og_title":"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024","og_description":"Zambia\u2019s kwacha has emerged as the top-performing African currency against the U.S. dollar in 2024, surging by 13.8% to ...","og_url":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024","og_site_name":"Zambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-02-25T22:58:37+00:00","og_image":[{"width":1728,"height":1152,"url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024","datePublished":"2024-02-25T22:58:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024"},"wordCount":238,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg","keywords":["Africa Press","Africa Press-Zambia","Zambia"],"articleSection":["all news","economy","head lines","to-homepage"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024","url":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024","name":"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024 - Zambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg","datePublished":"2024-02-25T22:58:37+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Zambia\u2019s kwacha has emerged as the top-performing African currency against the U.S. dollar in 2024, surging by 13.8% to ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#primaryimage","url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg","contentUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708834677.626629.jpg","width":1728,"height":1152,"caption":"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-kwacha-emerges-as-top-african-currency-against-usd-in-2024#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zambia\/"},{"@type":"ListItem","position":2,"name":"Zambia\u2019s Kwacha Emerges as Top African Currency against USD in 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zambia\/#website","url":"https:\/\/www.africa-press.net\/zambia\/","name":"Zambia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/58705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/comments?post=58705"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/58705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media\/58704"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media?parent=58705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/categories?post=58705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/tags?post=58705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}