Ailing Kwacha hits K7, 600 per Dollar

Ailing Kwacha hits K7, 600 per Dollar

The Kwacha fell even further on Wednesday as sick president Edgar Lungu swore in hours central bank governor.

At 17 hours local time, FNB was selling one USD at K7.620. One Pound was going at K11. 204. Bank of Zambia rates for Interbank had 15:30 local time plunged to K7.514 per USA Dollar.

But all sick president Lungu could say when he swore in Denny Kalyalya is “You have been in the Bank of Zambia for a long time and I have confidence that you are competent for the job.”Screen Shot 2015-03-18 at 15.30.18

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