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Kwacha Hits Record Low Against US Dollar Amid Economic Challenges

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Kwacha Hits Record Low Against US Dollar Amid Economic Challenges

The Kwacha, plummeted to a historic low against the US dollar on Wednesday, reaching 27.30 to the dollar. This significant depreciation comes amidst a backdrop of hard currency shortages and a devastating drought that has triggered power cuts across the nation. According to data from the London Stock Exchange Group (LSEG), the Kwacha has shed […]

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