Kwacha continues downward slide

New Kwacha notes

The Kwacha has continued to perform poorly against the US Dollar and other major currencies, according to latest information obtained from the Bank of Zambia.

The local currency was buying/selling at K7.27/7.29 from yesterday’s K7.26/7.28 to the US Dollar and K11.25/11.28 from yesterday’s K11.05/11.08 to the GB Pound.

On the interbank, the local unit closed at K7.27/7.29 to the Greenback from the day’s opening rate of K7.26/7.28.