1. Home
  2. Bank of Zambia

Bank of Zambia

Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

Zambia’s Dedollarization Plan Aims to Strengthen Kwacha StabilityZambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no set implementation date. Kalyalya highlighted that foreign currency use hinders effective monetary […]

$1,000,000 Bitcoin Incoming by the End of the Current Cycle, Predicts BitMEX Founder Arthur Hayes – Here’s Why

Report: Zambian Currency Poised for First Quarterly Decline Since 2020

Report: Zambian Currency Poised for First Quarterly Decline Since 2020The Zambian kwacha, one of the best-performing currencies in 2022, is now expected to see its first quarterly decline in nearly two years. The Zambian leader Hakainde Hichilema claimed that stalled debt restructuring negotiations are adding to pressure against the local currency. Zambia’s Debt Default After ending 2022 as one of Africa’s best-performing currencies, the […]

$1,000,000 Bitcoin Incoming by the End of the Current Cycle, Predicts BitMEX Founder Arthur Hayes – Here’s Why

Zambia Testing Technology to Regulate Cryptocurrency — Government Minister

Zambia Testing Technology to Regulate Cryptocurrency — Government MinisterThe Bank of Zambia and the country’s securities regulators are currently testing the technology to regulate cryptocurrencies, a Zambian government minister has said. According to Felix Mutati, cryptocurrency is a revolutionary technology that embodies a future his country desires to achieve. Achieving an Inclusive Digital Economy The Zambian central bank and the country’s Securities and […]

$1,000,000 Bitcoin Incoming by the End of the Current Cycle, Predicts BitMEX Founder Arthur Hayes – Here’s Why

IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing Currency

IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing CurrencyAfter the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African country’s currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the Russian ruble’s position as the world’s best-performing currency in 2022. Zambia Still ‘Has a Long Way to Go’ The Zambian kwacha currency, which currently […]

$1,000,000 Bitcoin Incoming by the End of the Current Cycle, Predicts BitMEX Founder Arthur Hayes – Here’s Why