Dear Editor,I once had a chat with the minister of Finance over the value of the Zambian kwacha and what he told me about the dynamics of the Kwacha was what I have been thinking of for the past 10 years!When you look at the Zambian Kwacha vs other currencies, we have purely lived at the mercy of copper and cobalt plus depending on what trend the dollar will take on the global forex market. The issue of the Kwacha has nothing to do with what interest rates the Bank of Zambia (BoZ) will fix or how active it will be with open market operations because these are short term measures. The Kwacha depends on us producing dollars for the economy! It is us as citizens and companies to generate the foreign exchange.The structure of Zambia’s economy is what we need to fix because it’s not sustainable for overall economic development and also maintaining strong economic fundamentals.Let’s […]
ABOUT ZAMBIA’S ECONOMY
