#FirstpostAfrica: Zambia’s currency is stealing the spotlight. In early 2026, the Zambian kwacha has surged nearly 10% against the US dollar, hitting a two-year high after a sharp rally. So, what’s driving the move? Rising copper prices, aggressive dollar selling, new central bank rules, and a historic shift allowing mining taxes to be paid in Chinese yuan. As China pushes to internationalise its currency and African nations explore alternatives to the dollar, Zambia may be offering a real-world

#FirstpostAfrica: Zambia’s currency is stealing the spotlight. In early 2026, the Zambian kwacha has surged nearly 10% against the US dollar, hitting a two-year high after a sharp rally. So what’s driving the move? Rising copper prices, aggressive dollar selling, new central bank rules, and a historic shift allowing mining taxes to be paid in Chinese yuan. As China pushes to internationalise its currency and African nations explore alternatives to the dollar, Zambia may be offering a real-world