USDZMW

Currently Zambian kwacha is still in a depreciating trend due to lower copper prices and production and unfinished debt restructuring. Zambia has selected investors of its copper mines to help reach target of 3M tones copper production. Currently Zambia has not yet agreed with bond holders on debt deal. The USDZMW continues to be in an Uptrend ,and next level of resistance for this year 2023 is forecasted at 25.1. The kwacha is most likely to continue this depreciating trend because of seasonality, higher demand of USD for farming and energy input purchases