Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

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Zambia’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.

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Category: Crypto

Markets: JapanZambia

Topics: Power crisis Bank of Zambia News Bytes Dollar Kwacha Denny kalyalya Dedollarization News Bytes - 2

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 02:30:17 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 22395523

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News Last Updated: 8 hours ago

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