Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no set implementation date. Kalyalya highlighted that foreign currency use hinders effective monetary […]
sekar nallalu Bank of Zambia,Cryptocurrency,dedollarization,denny kalyalya,Dollar,kwacha,News Bytes,News Bytes - 2,power crisis,Zambia Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability – News Bytes Bitcoin News
Related Posts
Polkadot’s multi-million marketing expenses spark fury in blockchain community
Blockchain project Polkadot is under fire after revealing $37 million in expenses on the marketing budget, triggering criticism and scrutiny[...]
Solid Power: A Long And Winding Road For Investors (Rating Downgrade) (NASDAQ:SLDP)
Lightguard/iStock via Getty Images Performance Assessment In my initiating coverage of Solid Power (NASDAQ:SLDP), I had rated the stock a[...]
Crypto trading volumes fall for third consecutive month: CCData
Trading volumes on centralized cryptocurrency exchanges saw a nearly 20% drop in June, marking the third consecutive month of decline[...]