The Zambian Observer
ZAMBIA’S FOREIGN EXCHANGE RESERVES UNDER EACH PRESIDENT Kenneth Kaunda (1964–1991) left office in 1991 with less than US$100 million in foreign exchange reserves. Zambia was experiencing the effects of declining copper prices, economic challenges, and a heavy external debt burden. Frederick Chiluba (1991–2002) left office with approximately US$180–190 million in reserves. Despite implementing economic liberalization […] The post ZAMBIA’S FOREIGN EXCHANGE RESERVES UNDER EACH PRESIDENT first appeared on The Zambian Observer .
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