Bank of Zambia warns against foreign currency pricing

Zambia’s central bank has warned businesses in the country to stop pricing their goods in foreign currencies claiming that the local currency was depreciating too fast!
It is illegal to price goods and services in foreign currencies if your input costs are not in Zambian Kwacha. The bank said that the Kwacha was the legal tender in Zambia and that all domestic transactions are required to be priced and settled in Kwacha.

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