Kwacha racing toward K12 per Dollar

Kwacha racing toward K12 per Dollar

Screen Shot 2016-06-16 at 09.31.51The Zambia Kwacha has again deteriorated against other currencies, just after the Bank of Zambia stopped interfering with market forces.

As of today, June 16 2016, almost all commercial banks are selling one US Dollar at more than K11. Private bureaux de change are trading one US Dollar between 11: 30 and K11: 60.

Joshua Iginla, a Nigeria crook who uses the name of God to crook desperate politicians, made money from Edgar Lungu by cheating him that the Kwacha will appreciate to K5 per USD by June 1, 2016. The fake prophet also told Lungu that he will win the 2016 elections. This is the same ‘prophet’ that prophesied that former Nigerian president Goodluck Jonathan would win the elections in the country.

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