Zambia’s central bank says delayed IMF programme affecting currency

Zambia’s Central Bank Governor Denny Kalyalya, said on Wednesday that the delay in reaching a conclusion for an aid programme with the International Monetary Fund (IMF) had put pressure on the kwacha currency.

“It is more of sentiment because the fundamental point to continued appreciation.

“One of the factors has been that players were looking to the conclusion of an IMF programme before the end of the year,” Kalyalya said.

The Zambian Kwacha is the currency of Zambia.