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Category kwacha

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Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to centr...
BRICS: New Country Plans To Ban the US Dollar for Trade

BRICS: New Country Plans To Ban the US Dollar for Trade

The BRICS alliance is inspiring new countries to take up the de-dollarization initiative and ban the US dollar…
Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years

Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years

The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local tr...