By BUUMBA CHIMBULUTHE local unit is set to continue to trade above the current level in the short to medium term with the interbank trading at K21.450 for a dollar.The market has continued experiencing a mismatch in demand and supply, with little or no inflows being seen from sellers – a situation that seems to characterize the market recently.According to Cavmont Bank Zambia daily market report, the USD-ZMW currency pair began the month trading at K21.410 / K21.460 up from levels of K21.390 / K21.440 seen the previous week.And Zambia Industrial Commercial Bank (ZICB) says the Kwacha on Monday remained unchanged against the dollar which was generally on the back foot against most currencies.ZICB indicated that limited supply of the hard currency on the local market kept the currency pair within the range of 21.390 and 21.460, levels which were seen in the previous week.“The Kwacha closed at 21.400/21.450, not far off from its opening […]
Kwacha continues ‘up and down’ movement
