The Economics Association of Zambia (EAZ) has noted that the stability seen in the local currency is expected to continue until October when the country is expected to make Major Debt payments.
EAZ President Dr. Lubinda Habazoka has attributed the stability to both the fiscal and monetary policies, the dying down of negative sentiments about the country and dipping anxiety over the US/China trade war.
Dr. Habazoka says reduced anxiety over the trade tensions has led to global businesses to nearly normalize and investors are going back to investing in commodity-oriented countries like Zambia.
He has reiterated the need for the country to produce more goods for local consumption than imports to maintain the stability of the Kwacha.
The Association President notes in an interview with money FM News that the country has recorded trade surpluses in the last two months.
Dr. Habazoka says the country should continue on trading surpluses throughout the year to reduce the pressure on the value of the local currency.