BOZ Governor admits ‘collapsing’ Kwacha is difficult for business

The Bank of Zambia (BoZ) says it cannot rule out the use of instruments such as reserve ratios to address the continued volatility in the exchange rate market.

Central Bank Governor Denny Kalyalya says the Central Bank is aware that the current volatility in the exchange market is making it difficult for business houses to plan.

Dr. Kalyalya states that this means that businesses houses are now postponing their plans in the current financial year not until the volatility is eased.

He says much as the Central Bank has not ruled out the use of all available instruments at its disposal, it is also cautious of not falling in the trap of currency traders.

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