Business

STABLE CURRENCY A MUST FOR ECONOMIC RECOVERY

Dear Editor,

FINANCIAL dynamics will also start showing their response in line with the monetary policy direction set for the third quarter of 2021.

Investors’ expectations are quite high with hopes to see the right policy guise, as capital investment seems to have taken a strong toll on Zambia lately through the high levels of participations in the secondary markets where treasury bills have maintained good volume of activities and government bonds have started showing some attractive participations as well.

What we now need as a country is the participations of essential and key commodities players to start seeing the real term effects of the Kwacha’s appreciation though the pace of development is worrying on price transmission mechanisms.

We need a relatively stable currency dominance to avoid facing more impairments on businesses and consumers, with a view to reduce seeing further market distortive models on both supply and demands fundamentals.

KELVIN CHISANGA.

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