Lubinda Haabazoka regards the depreciation of the Zambian Kwacha as temporal setback
Notice: Undefined index: catFilterList in /home/zambi/public_html/wp-content/plugins/wp-likes/api.php on line 243
Economics Association of Zambia (EAZ) President DR Lubinda Haabazoka with Bank of Zambia (BoZ) Governor Dr. Denny Kalyalya and Deputy Governor Operations,Dr. Bwalya Ng’andu
By Kwilanzi News Zambia
ECONOMIC Association of Zambia President Lubinda Haabazoka says the depreciation of the Kwacha now trading at K20 to One United States Dollar is a global rather than a domestic issue attributed to the outbreak of Coronavirus Covid 19.
Lubinda Haabazoka is EAZ President at PMRC
Sounding quite optimistic of Zambia recovering after the rampaging impact of covid 19, Dr. Habaazoka says though the U-S dollar had gained a lot of value against other convertible currencies, the Economic association of Zambia remains hopeful that the global economic and financial environment is going to stabilize.
Having studied economics in Russia, Eastern Europe, Dr. Habaazoka is hopeful that the main sources of forex for Zambia will in the long run not be disappointing the country’s economy is going to rebound with the with opening of Chinese market.
The Economic Association of Zambia President has told Kwilanzi News Zambia in an interview in Lusaka that for now it is pointless for the Bank of Zambia (BoZ) Governor Dr. Denny Kalyalya to intervene on the financial market as all earned resources are going into reserves.
Dr. Habaazoka says Economic Association of Zambia is monitoring the effects of Covid 19, and will continue to offer evidence-based advice to the Zambian Government through Finance Minister, Dr. Bwalya Ng’andu.
EAZ at State House
