Policy Reforms Lift Zambia’s Kwacha

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Zambia’s kwacha strengthened to its highest level in more than two years, reflecting the impact of coordinated monetary and fiscal policy measures. A government directive enforcing the use of local currency for domestic transactions reduced dollarization and increased foreign-exchange supply. These reforms, combined with strong copper export revenues and progress on debt restructuring, reinforced macroeconomic stability and supported sustained currency performance.