Kelvin Chisanga’s currency prayer: “Zambian Kwacha’s outright performance needs serious housekeeping!


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Kwacha’s outright performance needs serious housekeeping! By Kelvin Chisanga, Communications Specialist in Lusaka, Zambia On Monday 7th September 2020, this week, we saw the Kwacha continued in sliding against the US dollar as supply from corporate sellers and exporters appear to have dwindled much further amidst some relatively stronger demand on the interbank coupled with the prevailing country’s macroeconomic instabilities. In the recent weeks, we have continued to seeing depreciation accelerating in the Kwacha due to dwindling US dollar which has remained subdued. Going forward, the local unit will likely to start receiving some relief if the markets get stabilised...