Kwacha to lose more value on Tuesday

Kwacha to lose more value on Tuesday

Screen Shot 2015-11-16 at 17.38.45One Dollar lis likely to return to K13, 000 (K13 PF currency) tomorrow.
See below how badly the Kwacha fell today. In some Banks such as Investrust and Zanaco it was selling above K12, 700 (K12:70 PF’s cursed money) by close of business. If it lost more than K700 in one day, how much will it lose by Friday.
Last week the Kwacha made some artificial gains after the Bank of Zambia flooded commercial banks with borrowed Dollars. Now that the Dollars have run out, the Kwacha has recovered from the artificial appreciation. Probably the PF will borrow more this week. Its really bad to have clueless people in leadership positions.

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