Money in Zambia

Zambia Money | Economic News & Forecasts

Zambia - Money

Economic conditions have so far continued to strengthen in Q4. The private-sector PMI averaged higher in the first two months of the quarter than in Q3, with November’s reading hitting the highest level since June 2018. The reading also showed an increase in employment levels, which, coupled with cooling inflation, should be supporting spending. Meanwhile, on 6 December, talks with the IMF delivered the long-awaited staff-level agreement over a three-year USD 1.4 billion Extended Credit Facility program, which aims to restore macroeconomic stability. The deal, which follows the government’s commitment to sharply reduce the deficit in 2022, will provide fiscal room to implement the necessary reforms. Moreover, it brings Zambia a step closer to a comprehensive debt restructuring. However, to tackle elevated debt stocks the program sees the removal of subsidies on energy and agriculture.

Zambia - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)24.9  0.1  20.7  15.4  12.2  

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Zambia Facts

Value Change Date
Bond Yield33.000.0 %Dec 31
Exchange Rate14.090.0 %Jan 01
Stock Market0.30.0 %Jan 06

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