Authorities Explain Kwacha Performance

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Zambian authorities said the recent performance of the kwacha reflects improved foreign currency supply driven by strong mineral export earnings, external financing inflows and better compliance with foreign exchange regulations. The Bank of Zambia cited coordinated fiscal and monetary policies, tighter liquidity management and improved market confidence as supporting factors. Officials cautioned that exchange rate movements remain sensitive to global conditions and stressed that sustained stability depends on consistent policy implementation and export performance.