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Kwacha to Fall Even Harder After BoZ Runs Out of Borrowed Dollars

[Zambian Watchdog] The kwacha has continued to make some artificial gains after the Bank of Zambia flooded commercial banks with borrowed USA Dollars. One Dollar was by Friday at 10 hours local time trading at K11:60, the British Pound at K17:60, while a Euro was going at K12: 49 on Zambia National Commercial bank rates.

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