Kwacha collapses to K9 per one USA Dollar

Kwacha collapses to K9 per one USA Dollar

The incompetency and failure by President Edgar Lungu and his government to manage the economy has now become ridiculous.

The Zambian Kwacha has just collapsed to K9 per one USA Dollar, while one Euro is now costing more than K10.

Just a week ago, the Kwacha crumbled to K8.9 as the prices of goods and services become expensive. The price of bread was increased on Monday to more than K7, the most expensive in the region.

One British Pound is selling at almost 13.96 (almost) K14 at Zambian National Commecial Bank.

At FNB, one Euro is now selling for K10.139Screen Shot 2015-09-01 at 15.16.49

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