The Zambian Kwacha hits a historic low of 27.30 against the US dollar due to economic challenges including currency shortages and a devastating drought.
This represents a depreciation of nearly 5% since the start of the year and 17% over the past six months, highlighting the nation's vulnerability.
Factors such as increased reliance on food imports and heightened electricity imports exacerbate the strain on the local currency.
Thus, urgent policy interventions are crucial to stabilise the economy and restore investor confidence.