A Local Bank says the local currency is expected to be fairly stable this week.
Barclays Bank Zambia Director and Head of Marketing Stanley Tamele pointed out that as the vulnerability in the currency do continue to exist there is certainly demand observed in the market  that at times outweighs supply.

“This is when we see the currency starting to lose a little bit of ground.” He said
Mr Tamele says the currency is not expected to depreciate sharply but to be vulnerable and move with the forces of supply and demand.
“Meaning there will be times when we see it appreciate slightly and there will be times when we see it also depreciate slightly.” He said.

He noted that the currency should not differ significantly from the levels seen last week.
Mr Tamele added that this year a range bound of activities are expected on the local currency due to a number of key factors that include oil and electricity importation among others

“We do expect some range bound activity, meaning some appreciation and some depreciation.” He said
Barclays Bank Zambia Director and Head of Marketing further said in the short term the local currency is projected to be between fourteen and fifteen Kwacha.
Mr Tamele said corporate demand from players is among the factors that will provide a balance effect in the local unit.

“Things like oil and energy or electricity importation if it has happened, obviously there will be need of currency in this particular case like in the dollar.” He said
As of Tuesday 21st of January 2020, the United States Dollar was buying at Fourteen Kwacha Forty Five Ngwee and selling at Fourteen Kwacha Seventy Four Ngwee.