Zambia's kwacha weakens 1 percent on dollar shortages

April 28, 2016 7:33 AM

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LUSAKA, April 28 Zambia's kwacha weakened 1 percent against the U.S. dollar on Thursday, pressured by low foreign exchange supplies and concerns over economic growth and a weak copper price.

By 0727 GMT the currency of Africa's second largest copper producer was 1.05 percent lower at 9.6 against the dollar.

Also read: Sri Lanka rupee down on importer dollar demand

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