KWACHA APPRECIATION DUE TO CENTRAL BANK INTERVENTIONS AND ECONOMIC RECOVERY, HAMAAUNDU.

Financial analyst Maambo Hamaaundu has attributed the appreciation of the Kwacha in the last two weeks to interventions on the monetary side of the economy and not the recovery of the economy.

Mr. Hamaaundu says that the current stability in performance of kwacha is due to several interventions the central bank is putting in place.

Central Bank of Zambia

Speaking in an interview, Mr Hamuundu says there is current appreciation trend in the kwacha can also be attributed to treasury review options by the central business.

He has predicted that the kwacha will fluctuate due to the current political environment.

Mr Hamuundu has since called on government to put in place measures that will ensure the stability during this period.

He observes that government has embarked on a number of interventions from both the fiscal and monetary sides including the review of fuel subsidies and procurement processes.