‘Aggressive’ Govt policy lifts Kwacha


THE improved performance of the Kwacha is as a result of aggressive monetary policy by Government, says financial expert Joel Lungu.

Mr Lungu said it was also partly due to the fact that foreign direct investment has continued to flow into the country despite the current political situation.

He said the Kwacha made a remarkable comeback against the US dollar at the weekend on the back of increased dollar supply on the Interbank, especially from offshore investors who were looking to participate in the local bond auction.

Mr Lungu said the improved performance of the local currency against other major convertibles on the international market was due to the deployment of aggressive monetary policy by the Bank of Zambia.

He appealed to the central bank to continue reducing liquidity on the market and inflation rate.

“The other reasons which have improved the performance of the Kwacha on the international market

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