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Zambia Zambia Attempts to Prop Up Kwacha

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A new bill proposing changes to Zambia's foreign exchange system has investors worried over increased state intervention in the economy. This week President Michael Sata is expected to sign into law the The Bank of Zambia Amendment Bill 2013, which, among other requirements, will impose exchange controls on exporters, requiring them to deposit earning into local banks in rebased Kwacha in ...

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