Kwacha’s mixed fortunes | The Times Group

Kwacha’s mixed fortunes | The Times Group:



Kwacha's mixed fortunes

Posted By: Taonga Sabola on: February 08, 2018 In: Business No Comments

The Kwacha has marginally weakened against the British pound and the South African rand over

the past two months despite being steady against the United States dollar, The Daily Times has

established.

The kwacha weakened by 3.5 percent against the pound from K990 on December 4, and was

recorded at Kl ,025 on Tuesday, better than the Kl ,037 seen on Monday.

This should be a cause of concern for international students paying their examination and

registration fees in pounds as they will have to cough more kwacha. On the other hand, this

should bring some joy to businesses which export their merchandise to the UK, as they will earn

more kwacha.





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