{"id":194242,"date":"2025-03-22T07:23:53","date_gmt":"2025-03-22T05:23:53","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/southern-africa\/zambia\/zambias-fx-reserves-hit-record-high-but-currency-woes-persist\/"},"modified":"2025-03-22T07:23:53","modified_gmt":"2025-03-22T05:23:53","slug":"zambias-fx-reserves-hit-record-high-but-currency-woes-persist","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/southern-africa\/zambia\/zambias-fx-reserves-hit-record-high-but-currency-woes-persist\/","title":{"rendered":"Zambia&#8217;s Fx Reserves Hit Record-High but Currency Woes Persist"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"1\"><em>TLDR<\/em><\/p>\n<ul>\n<li> Zambia&#8217;s foreign-exchange reserves reached a record $4.31 billion at the end of 2024, equivalent to 4.6 months of import cover<\/li>\n<li> Despite this, the kwacha continued its decline, falling 0.2% to 28.83 against the dollar on Thursday<\/li>\n<li> The currency has become Africa&#8217;s fourth-worst performer this year, pressured by rising demand for dollars to pay for energy and food imports<\/li>\n<\/ul>\n<p class=\"story-body-text\" data-para-word-count=\"63\">Zambia&#8217;s foreign-exchange reserves reached a record $4.31 billion at the end of 2024, equivalent to 4.6 months of import cover&#8230;.<\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202503210040.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 Southern Africa <a title=\"Zambia\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/southern-africa\/zambia\/\">Zambia<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR Zambia&#8217;s foreign-exchange reserves reached a record $4.31 billion at the end of 2024, equivalent to 4.6 months of import cover Despite this, the kwacha continued its decline, falling 0.2% to 28.83 against the dollar on Thursday The currency has become Africa&#8217;s fourth-worst performer this year, pressured by rising demand for dollars to pay for [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":194243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[825],"tags":[258,256,9987,8032,257,19613,50925,11008,254,9855,881,8982],"class_list":["post-194242","post","type-post","status-publish","format-standard","has-post-thumbnail","category-zambia","tag-africa","tag-africa-news","tag-currency","tag-hit","tag-news","tag-persist","tag-recordhigh","tag-reserves","tag-south-africa-today","tag-woes","tag-zambia-news","tag-zambias"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/194242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=194242"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/194242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/194243"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=194242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=194242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=194242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}