Zambia’s kwacha, the world’s best-performing currency of 2016.

Zambia’s currency, the kwacha, is the world’s best-performing currency of 2016, according to the Bloomberg news agency.

It says that its value against the US dollar has risen 19.9% since the beginning of January.

That rise outstrips the increase in the price of gold.

This comes off the back of the kwacha being labelled one of the worst-performing currencies of last year.

That was precipitated by a fall in the copper price, one of the country’s main exports, as well as a power shortage.

Bloomberg quotes an analyst suggesting that the kwacha will continue to rise as the copper price recovers.

 

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