Kwacha posts some gains

Kwacha posts some gains

 

After a week of crumbling, the Kwacha has posted some gains. The Kwacha is now trading at K13:73 ngwee per US Dollar in commercial banks.

On Monday, the Kwacha had depreciated to more than K14 per one US Dollar.

The instability of the Kwacha is bad for business as traders can’t budget or plan properly as no one knows whether the local currency would be appreciating or depreciation in the next few hours.

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