Dear Editor,THIS business week has seen Zambia’s Kwacha trading in low enthusiasm without the much-needed stamina but it is trading on an unstable mode pivoting on a bad balance and scale against the US Dollar.No wonder the local currency failed to signpost anticipated positive movements as the market was mainly seen subdued by the high levels of participation mainly from the buyers and importers who have triggered high demand for the green currency on the local scene coupled with very low activities from the export sides despite having very attractive copper prices.The Kwacha was anticipated to be starting becoming firmer this time around as we face this global health crisis, and hopes were also emanating on account of successful hosts of the treasury auction bills that could have seen good uptake in subscriptions though most of the treasury bills are under subscribed owing to a number of economic uncertainties.The other problem being the number of […]
High Dollar demands sinking Kwacha in pitiable conditions!
