Zambian Kwacha Gains Strength Again
1 September 2022
By James Gwati- The Zambian Kwacha, one of the worst in recent years, has stabilized to become the second-performing currency in the world.
This happened only a year after Haikainde Hachilema was voted into office, taking over from Edgar Lungu.
Zambian President Hichilema announced Wednesday, saying they have managed to tame inflation.
He posted on Twitter:
The inflation rate is under control. The Zambian Kwacha has stabilized and is getting stronger against major foreign currencies. Zambia is rising and ultimately the cost of living will be fixed.