Vice President Inonge Wina has attributed the depression of the Kwacha against the United States dollar and other major convertible currencies to the outbreak of the Corona virus.
There is Need for immediate govt intenvention in the form of re-introducing fx controls to help minimize the demand on us dollars both in the immediate teem and long term. All local purchase of goods and services must be in kwacha. All in country borrowing must be in kwacha by all zambian residentes. Exceptions should for those e Sporting as they are able to generate fx earnings. BOZ should as SI Around this. All fx borrowing to be approved by BOZ. Stop importimg food products and others that We are currently producing as this has the potencial to stimulate domestic and ultimately impact positively on kwacha performance. Delay capitã projecta until further notice. Optimise the use of avaiable resources. Way forward to sustain kwacha performance is to encourage local manufature by divising appropriate govt policies that Will stimulate the domestic industry. We are avaiable to offer solutions.
It’s gogonomics! So the Kwacha should be quarantined, yes??
The Hour must surely come back.
Those old enough will remember a TV show called “Fantasy Island”.
From climate change to coronavirus. Awe kwena.
This woman is as useless as her boss, Kwacha is a rebased currency meaning it’s useless in it’s original form. Kwacha has been in free fall from last year before corona and today just shows your temporary measure to help it, did not work.
What a bunch of rubish leaders are PF…do thease people think all Zambians are dull?
Please give us a break and retire you old fossil…
Such a shallow and primitive excuse. It’s a shame to know Zambians future is in such leaders hands
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