Zambia’s currency is stealing the spotlight. In early 2026, the Zambian kwacha has surged nearly 10% against the US dollar, hitting a two-year high after a sharp rally. So, what’s driving the move? Rising copper prices, aggressive dollar selling, new central bank rules, and a historic shift allowing mining taxes to be paid in Chinese yuan. As China pushes to internationalise its currency and African nations explore alternatives to the dollar, Zambia may be offering a real-world blueprint for de-

The Kwacha to Dollar exchange rate has soared since Hakainde Hichilema and the UPND took office in August! | Open Zambia

The Zambian kwacha has extended its impressive year-end rally into 2026, emerging as one of the best-performing currencies globally with double-digit gains against the US dollar — driven by strong copper export earnings, policy moves to curb dollarization, and improved investor sentiment. While this momentum is welcome, the big question remains: Is the rally sustainable? A stronger kwacha can ease inflation and lower import costs, but much of the appreciation still hinges on high copper prices a

Zambia’s kwacha has recorded a strong rally and has been ranked among the best-performing currencies against the US dollar in recent market performance data. In this report, we break down what’s driving the surge from copper export earnings to debt restructuring and tighter fiscal policy and what it could mean for prices at home. #Zambia #Kwacha #AfricaBusiness #Forex . . #MediaRoomAfrica | Media Room Africa

Man buns Zambian kwacha currency. | Toonse Alliance

Yo Maps Yo Live Performance Sun FM Zambia Kwacha Music Awards 😁 | Zambian TV