Sat, 31 Dec 2016 10:00:28 +0000 By BUUMBA CHIMBULU THE Kwacha in 2016 between January and November appreciated by 10.4 percent against the United States dollar owing to the tight monetary policy measures introduced by the Central Bank among other reasons, the World Bank has revealed. The bank said much as the Kwacha had continued to fluctuate against its major trading currencies, it was stronger and less volatile the first nine months of 2016 compared to 2015. This is according to the bank’s 2016 8th Zambia economic brief-raising revenue for economic recovery. “Between January and end of November 2016, the Kwacha has appreciated by 10.4 percent against the dollar, 13.2 percent against the Euro and 2.1 percent against the South African Rand,” said the bank. The bank attributed the relative stability to the tight monetary policy measures introduced by the Bank of Zambia in November 2015, which continued to have an impact on the market […]
