Mon, 12 Dec 2016 11:05:12 +0000 THE Kwacha has been stronger and less volatile compared to the previous year due to prudent measures put in place, the World Bank has observed. This is according to the World Bank, Zambia Economic Brief for December, 2016 dubbed ‘‘Raising Revenue for Economic Recovery’’ that although the local currency had continued to fluctuate against its major trading currencies, it performed stronger and experienced less volatility in the first nine months of 2016 compared to 2015. The report stated that between January and end-November, 2016, the Kwacha had appreciated by 10.4 percent against the United States dollar, 13.2 percent against the Euro and 2.1 percent against the South African Rand. The organisation attributed the favourable performance of the Kwacha to four factors and explained that one was the tight monetary policy measures introduced by the Bank of Zambia as well as the reduction on the demand for imported goods […]
