A Zambian bank note at the height of poverty and socialism in 1984
Let not the nation be cheated the kwacha will appreciate in value against other currencies through rebasing it. This is sheer rhetoric, if not, a utopia of a day dreamer. Economic growth is, to a greater extent, driven by having good policy framework that:
(1)enables industrial development at macro-economic level
(2) attracts direct foreign investment
(3)reduces leakages through corruption and pilferage
(4)good stewardship of national reserves via a strict fiscal policy keeping inflation low.
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