IMF Warns Zambia Against Proposed de-dollarization Initiative
The International Monetary Fund (IMF) has raised concerns over Zambia’s proposed de-dollarization initiative, highlighting potential risks to inflation control efforts. According to the IMF, Zambia’s current economic conditions are not conducive to de-dollarization, as the country lacks the low and stable inflation rates necessary for such a transition. This warning follows the Bank of Zambia’s…