Kwacha continues to post marginal strength
• Last week, the Kwacha traded within a very tight range.• There was a marginal appreciation of about 0.5 percent.• Demand for US dollars is
Tag : Kwacha against foreign currencies
Kwacha remains stable
• The Kwacha has continued gaining from last week’s performance.• The appreciation is largely driven by low demand for dollars on the market.• Last week
Zambia can benefit from high Copper prices – Economist
• Zambian Copper should be sold for Zambian Kwacha.• Those that want to buy should come and exchange their Forex in Zambian banks.• Ensure that
Economist attributes Kwacha stability to government policy pronouncements
• There is some bit of stability on the Kwacha against major convertible currencies.• A number of factors are causing the stability.• One of them
Kwacha expected to fall by 1%
• This week the Kwacha is expected to return to its weakening path due to lack of supply on the market.• Demand for dollars is
Kwacha depreciation continues
• This week the local unit is anticipated to remain largely on the back foot due to elevated levels of demand in the market.• Last
Kwacha depreciation persists
• There hasn’t been a fundamental shift in terms of economic activities as yet.• Recent Kwacha appreciation was backed by sentiments.• The country must move
Kwacha continues posting positive gains
• The Kwacha performed very well last week. • Issuance of T-Bills and Bonds were the major key support to the already favorable environment for
Kwacha strength attributed to change of government
• The new President is pro-business. • Offshore players are looking at the development as positive for business. • The currency depreciated by 0.3 percent
Kwacha continues to trade under pressure
• Last week, the Kwacha lost about 30 basis points. • It opened on a weaker note and has continued to depreciate. • There has