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Tuesday, July 23, 2019

Market dealers see kwacha recovering – The Nation Online

Market dealers see kwacha recovering – The Nation Online: The kwacha has started gaining ground against the dollar and is steadily appreciating, now trading at K770, according to Financial Market Dealers Association (Fimda).

The kwacha has started appreciating from a three-year low of K778 to a dollar.

In an e-mail response yesterday, Fimda president Patricia Hamisi attributed the gain to the reversal of the underlying factors that caused the depreciation.

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