Zambia Aims for Dedollarization: A Focus on Strengthening Local Currency

The Central Bank of Zambia has announced that it is intensifying its dedollarization strategy aimed at supporting the national currency, the kwacha. In recent years, the country has relied heavily on the US dollar, which has jeopardized economic stability. In its latest reports, the regulator emphasized the need to reduce this dependence and transition towards a more sustainable financial system.

Continue reading