One US Dollar now above K21

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COMMENTS

WORDPRESS: 7
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    Benjamin 3 weeks ago

    We only pray.

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    Rodah Mbewe 3 weeks ago

    let it hit K30, Can Mvunga, tell us what is going on now, that, you fired Dr Kalyalya, and you still have to pay him. So, you are paying 2 governors, instead of one, because, of having dander heads as advisors in Government

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    Ceejeyy 3 weeks ago

    Lungu says he has put infrastructure all over the country with borrowed money, now dollar is K21. What are we going to remember these guys? Gassing, coronavirus, no money in the pockets,burning of markets,

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    Waoh this is amazing keep risking I love it.

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    This is going to be a nightmare for the Zambian government. It’s income is in kwacha. As the kwacha slides in foreign exchange markets, it makes foreign loan repayment a great deal difficult because government will be needing more kwacha to pay the same amount in US dollars as before. Euro bondholders will be asking on November 13 how Zambia intends to manage to cope with this rapid depreciation even if an interest payment suspension is granted. Despite this obvious difficulty, if a by-election comes up tomorrow, it will still rain in kwacha for the lucky few.

  • comment-avatar

    Ooh yes, this is lovely!!!!! May it hit 25kwacha by xmas time. Ifintu ni Lungu!!!!!

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    Njangwamuloty 3 weeks ago

    The rule of rats, and CliDora Slit thinks a Mnyanja should be in power despite such failure! We mwanakashi sure nakupapata, leka chinyanyenye.