Tag Archives: “We are of the view that there is still some demand for the greenback on the local market although kwacha weakness will most likely be limited as corporates convert dollars in order to meet their tax

PRESSURE on the kwacha to decline will likely be limited this week as companies convert their dollars to meet tax obligations, market watchers said. The kwacha has come under pressure against major convertibles like the US dollar, declining to a record low last due to a shortage of dollars. The …

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