Kwacha continues on backfoot
• It has opened the market trading at K18.16 Ngwee and K18.51 Ngwee on the bid and offer respectively.• Depreciation of the Kwacha is a
Tag : Kwacha against foreign currencies
Kwacha losses attributed to dwindled positive sentiments, drop in Copper prices
• During the spring meetings, there was hope that Zambia would get the debt restructured.• The positive sentiments influenced the money market.• Drop in Copper
One-off interventions will not sustain exchange rate – Kateka
• Experts in Government to clearly state how long the Zambian Kwacha will continue to show positive strength against the US Dollar.• Sharing information regarding
Rapid Kwacha gains to negatively affect exports – Economist
• If the currency starts moving up and down in a very sharp way, it will affect one’s ability to do business.• It creates uncertainty
Kwacha continues on positive trajectory
• The appreciation of the Kwacha can be attributed to government pumping in more money.• This is to ensure that the Kwacha does not experience
Economist attributes slight Kwacha gains to low US dollar demand
• This is resulting from a number of sentiments especially around the country’s debt restructuring.• Bank of Zambia has been intervening to try to ease
Kwacha depreciation negatively affecting local SMEs
• The continuous free falling depreciation of the Kwacha against major convertibles is quickly turning into a serious business nightmare.• Local small and medium businesses
Kwacha hits K21 mark, threatens economic recovery
• The continued depreciation of the Kwacha is becoming of concern.• It threatens the recovery in terms of economic activity seen in the last two
Protracted debt restructuring continues to exert pressure on Zambian Kwacha
• This has put Zambia in a very difficult situation.• Investors are looking at the protraction of the debt restructuring process as a hindrance to
Kwacha continues on back foot
• The recent bond auction by Bank of Zambia indicates that only about 37% was realized from the targeted K2.6 billion.• This is a true