Kwacha depreciated by 0.15 percent last week – Economist
• When the Bank of Zambia was in the market selling FX on Monday, Tuesday and Friday, the Kwacha traded stronger.• When they were not
Tag : Kwacha against foreign currencies
Private Sector nods Kwacha appreciation
• The Kwacha against the dollar has remained very stable over the last 5 months.• It means that the prices will not shoot up violently.•
Economist attributes Kwacha appreciation to tight liquidity
• Local contractors have not been paid.• People are handling less Kwacha.• The appreciation of the Kwacha has nothing to do with the IMF bailout
Kwacha expected to continue trading range-bound
• Last week the Kwacha continued to trade stronger when the Bank of Zambia was in the market selling FX on Monday, Tuesday and Thursday.•
Economist attributes Kwacha gains to positive sentiments around debt restructuring
• The key factors have been the positive sentiments coming out of the government talks with Creditors Committee.• They are committed to give financial guarantees
Kwacha performance has been strong this year – Economist
• The performance of the Kwacha this year has been on the strong side as compared to last year.• This has been seen from the
Zambian Kwacha remains stable
• The Kwacha has been resilient and shown some good level of stability.• It has continued to trade below the K17 mark against the US
Kwacha rebound attributed to improved US dollar supply
• Last week, the Kwacha appreciated by more than 2.5 percent.• This was due to improvement in terms of supply on the interbank market.• The
Kwacha back on downward trajectory
• The Kwacha has continued to depreciate largely speaking to a number of factors.• Last week, the Kwacha depreciated by 0.5 percent compared to 0.4
Economist attributes Kwacha gains to increased FX supply
• The Kwacha gained strength especially in the last five or six days.• That was driven by increased FX supply to the market by Bank