By BERNADETTE DEKA-ZULU (PhD Researcher-Public Enterprise)DURING one of my post graduate studies in Economic Policy Management at the University of Zambia, I remember extensively delving in discussions around dynamics of the Bank of Zambia’s open market operations both in Public Sector Economics and Monetary Economics; the Statutory Reserve and its implications on the financial system and economic growth at large.This bring us to the prevailing macro-economic fundamentals that is seeing Zambia witnessing a continuous depreciation of the Kwacha against major international currencies, especially the dollar which is heading towards K20.00 (per dollar). Of the many key messages given by the current government to the general public, was the appreciation of the Kwacha, and that it was of top priority, hence, the general populace raising concerns on the current exchange rates.Depreciation of Kwacha and the EconomyThe depreciation of a currency may have positive or negatives effects depending on the developmental level of a particular country. The […]
BANK OF ZAMBIA: The Case of an Increased Statutory Reserve
