Zambia Holds the Title of the Best Performing Currency Against the US Dollar
Zambia’s fight against inflation in the past year has been an impressive one, which not only benefitted the country’s economy, but also the tourism industry, which can now expect more tourist arrivals to Victoria Falls hotels. The Zambian kwacha has climbed its way to the top to become the best-performing currency against the US dollar, reassuring tourists to proceed with their reservations at Avani Victoria Falls Resort for a much-needed getaway to the African country.
The country’s success story begins with the appointment of its president in August 2021, Hakainde Hichilema, who managed to steer the country out of the economic jumble they were in. Since his appointment, Zambia has reduced its inflation rate from 24.4% in August 2021 to 9.7% by June 2022, reports the World Economic Forum website on the 12th of September 2022.