FX reserves slide 5% to $1.73 billion in Africa’s second largest copper hotspot Foreign currency reserves hit record low in Sept. Markets eager to see Q4 levels to factor mineral royalty remittances The Finance Ministry in Africa’s second largest copper hot spot Zambia, announced that foreign currency reserves have declined to USD1.73bn. This was contained in a Q3: 2018 Fiscal performance statement presented by MinFin Minister Margaret Mwanakatwe. FX reserves have been on a softening trajectory plummeting 4.68% to USD1.73bn ( 30 Sept.) from USD1.815bn (30 Jun.). This then slides import cover to 2 -months, below the interim targeted 3…