Zambia Calls Emergency Meeting as Kwacha Hits Record Low
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The Bank of Zambia called an emergency meeting with lenders to probe a drop in the nation’s currency to a record against the dollar, two weeks after Ghana limited foreign-currency sales to halt a slide in the cedi.
“The central bank just called a treasurers’ meeting to try to understand the dynamics” affecting the kwacha, Mwewa Kyamulanda, a currency trader with Investrust Bank Plc, said by mobile phone from Lusaka, the capital, yesterday.