Inonge Wina says Kwacha losing value due to coronavirus

Inonge Wina says Kwacha losing value due to coronavirus

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.

Share this post

COMMENTS

WORDPRESS: 8
  • comment-avatar

    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.

  • comment-avatar

    It’s gogonomics! So the Kwacha should be quarantined, yes??

  • comment-avatar
    Movement for Multiparty Democracy MMD 2 weeks ago

    The Hour must surely come back.

  • comment-avatar
    Nyambe the Hero 2 weeks ago

    Those old enough will remember a TV show called “Fantasy Island”.

  • comment-avatar
    Kassala 2 weeks ago

    From climate change to coronavirus. Awe kwena.

  • comment-avatar
    Bashi nono 2 weeks ago

    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. 

  • comment-avatar

    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…

  • comment-avatar

    Such a shallow and primitive excuse. It’s a shame to know Zambians future is in such leaders hands