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Zambia Currency Hits Record Low and Eurobonds Plunge

  • Securities due 2027 fall below 50 cents first time since June
  • Investors skeptical about Zambia’s pledge for speedy accord
General Economy And Kwacha Banknotes As Zambia Seeks To Reverse World's Worst Currency Performance
Photographer: Waldo Swiegers
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Zambia’s Eurobonds extended declines and its currency weakened to a record against the dollar after a group of bondholders rejected the government’s request for a six-month suspension of interest payments.