{"id":73969,"date":"2025-06-22T21:34:00","date_gmt":"2025-06-22T21:34:00","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains"},"modified":"2025-06-22T21:34:00","modified_gmt":"2025-06-22T21:34:00","slug":"kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains","title":{"rendered":"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS<\/p>\n

Zambia\u2019s currency, the kwacha, has strengthened notably against the US dollar in recent days, trading at ZMW 24.00 per dollar on Thursday compared to ZMW 24.99 just a week earlier. This unexpected rally has sparked debate among economists and financial analysts about what is truly driving the currency\u2019s performance.<\/p>\n

According to a statement released by Zambia National Commercial Bank (ZANACO), the kwacha is expected to remain bullish in the short term due to a sharp increase in dollar supply. The rise in supply has been attributed to seasonal factors such as tax inflows, improved agricultural exports, and payments from mining companies traditionally strong contributors around mid-year.<\/p>\n

However, some analysts argue that the strength of the kwacha is less about improved productivity and more about deliberate moves by the Bank of Zambia (BOZ) to restrict dollar access and control liquidity. These moves have included increasing the Statutory Reserve Ratio (SRR), withdrawing deposits, and conducting sterilization operations to absorb excess kwacha from the market.<\/p>\n

\u201cThe central bank has been withholding oxygen from the economy to stabilize the kwacha,\u201d one financial commentator said. \u201cWe are not seeing this rally because of booming exports or increased investor confidence but because the tap on dollar access has been tightly controlled.\u201d<\/p>\n

On the other hand, economists like Dr. Lubinda Haabazoka believe there\u2019s more to the story. He notes that the kwacha typically performs well this time of year due to increased inflows from the agriculture sector and mining taxes. \u201cWe also have to factor in global trends. The US dollar is weakening worldwide, especially in commodity-driven economies,\u201d Haabazoka explained.<\/p>\n

Indeed, Zambia is benefitting from a combination of internal and external factors. The global softening of the US dollar, driven partly by political uncertainty in the United States, has improved the standing of many commodity-based currencies. Zambia\u2019s copper exports and solid maize harvest have contributed positively to the national revenue stream.<\/p>\n

Still, the sustainability of this appreciation remains in question. If BOZ\u2019s liquidity tightening is the primary force behind the kwacha\u2019s gain, what will happen when the central bank relaxes its grip? Many fear that without real economic growth and increased investor confidence, the currency could quickly slip back into depreciation.<\/p>\n

Further concerns surround the unregulated mineral sector. Observers point out that illegal mining and smuggling of high-value minerals like gold and sugilite continue to drain potential revenue. \u201cHow much are we losing to illegal mineral exports each year, and how much could that add to national revenue if formalized?\u201d one analyst asked.<\/p>\n

As Zambia navigates these economic crosswinds, it is clear that while the current kwacha gains are encouraging, they may be fragile. Real stability will depend on whether the government can strike a balance between tight monetary control and long-term structural growth.<\/p>\n

June 22, 2025<\/p>\n

\u00a9\ufe0f KUMWESU<\/p>\n

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

Africa-Press – Zambia. KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS Zambia\u2019s currency, the kwacha, has strengthened notably against the US dollar in recent days, trading at ZMW 24.00 per dollar on Thursday compared to ZMW 24.99 just a week earlier. This unexpected rally has sparked debate among economists […]<\/p>\n","protected":false},"author":84,"featured_media":73968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-73969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nKWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS - Zambia<\/title>\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\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Zambia. KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS Zambia\u2019s currency, the kwacha, has strengthened notably against the US dollar in recent days, trading at ZMW 24.00 per dollar on Thursday compared to ZMW 24.99 just a week earlier. This unexpected rally has sparked debate among economists […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains\" \/>\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=\"2025-06-22T21:34:00+00:00\" \/>\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\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS\",\"datePublished\":\"2025-06-22T21:34:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains\"},\"wordCount\":503,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2025\/06\/MohamadReza1750615624.787814images.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains\",\"name\":\"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS - Zambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2025\/06\/MohamadReza1750615624.787814images.jpg\",\"datePublished\":\"2025-06-22T21:34:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2025\/06\/MohamadReza1750615624.787814images.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2025\/06\/MohamadReza1750615624.787814images.jpg\",\"width\":259,\"height\":194,\"caption\":\"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS\"}]},{\"@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":"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS - Zambia","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\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains","og_locale":"en_US","og_type":"article","og_title":"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS","og_description":"Africa-Press – Zambia. KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS Zambia\u2019s currency, the kwacha, has strengthened notably against the US dollar in recent days, trading at ZMW 24.00 per dollar on Thursday compared to ZMW 24.99 just a week earlier. This unexpected rally has sparked debate among economists […]","og_url":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains","og_site_name":"Zambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2025-06-22T21:34:00+00:00","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\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS","datePublished":"2025-06-22T21:34:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains"},"wordCount":503,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2025\/06\/MohamadReza1750615624.787814images.jpg","keywords":["Africa Press","Africa Press-Zambia","Zambia"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains","url":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains","name":"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS - Zambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2025\/06\/MohamadReza1750615624.787814images.jpg","datePublished":"2025-06-22T21:34:00+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#primaryimage","url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2025\/06\/MohamadReza1750615624.787814images.jpg","contentUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2025\/06\/MohamadReza1750615624.787814images.jpg","width":259,"height":194,"caption":"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-on-the-rise-influx-of-dollars-policy-moves-and-global-factors-fuel-gains#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zambia\/"},{"@type":"ListItem","position":2,"name":"KWACHA ON THE RISE: INFLUX OF DOLLARS, POLICY MOVES, AND GLOBAL FACTORS FUEL GAINS"}]},{"@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\/73969","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=73969"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/73969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media\/73968"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media?parent=73969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/categories?post=73969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/tags?post=73969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}