Comments on: Zambia’s Kwacha is the worlds best performer against the US dollar

By: Alibaba

Alibaba — Mon, 05 Sep 2022 10:29:40 +0000

@Its a balancing act
A strong local currency means cheaper imports and lower inflation and therefore lower production costs. The starting point is that Zambia needs a strong currency to build a manufacturing base. Once the manufacturing is developed then we can seek a weaker kwacha which will hoprfully help exports.

An example is Japan. It seeks a weaker Yen because it has a strong manufacturing base and is able to export a lot of stuff mainly vehicles.

By: Samson

Samson — Mon, 05 Sep 2022 09:31:34 +0000

Local commodities are still high, the poor are getting poorer, i believe all will be better but the economic strategy for the this government has targeted the international level let them also fix the local level

By: THE PATRIOT

THE PATRIOT — Sun, 04 Sep 2022 21:27:24 +0000

In reply to Dr Charles Ngoma.

@Dr Charles Ngoma…thanks for breaking it down so even us lay people can understand. Excellent analogy.

By: Vava voom

Vava voom — Sun, 04 Sep 2022 18:48:28 +0000

In reply to Dr Charles Ngoma.

This makes me understand inflation very well

By: Anderson

Anderson — Sun, 04 Sep 2022 14:54:44 +0000

@Gatsby you full of points and wiser. WE NEED TO MAINTEN THE STRENGTH of Kwacha by importing more production EQUIPMENT AND be able to Export the produce

By: Dr Charles Ngoma

Dr Charles Ngoma — Sun, 04 Sep 2022 13:13:21 +0000

Economics 101. INFLation is the speed at which prices are rising. When Lungu wasi power the speed was 24 km per hour. Now it is 9 km per hour. So, we were travelling FASTER towards being broke under Lungu, but now we are travelling slower. The COST of living is the point at which we have arrived on our money journey. So from Lusaka to Nakonde, we reached Kasama very quickly under Lungu, but now we are between Kasama and Nakonde travelling at a slower speed. We have still passed Kasama (High prices) and going to Nakonde (higher prices). For prices to come down, we have to turn back towards Kasama and back towards Lusaka.

By: Kalaki

Kalaki — Sun, 04 Sep 2022 11:51:43 +0000

In reply to Zennia.

An economic manager yes but not a dictator who imprison people on allegations of defamation. Such thin skinned people can’t manage anyone except livestock because animals don’t talk

By: Tarino Orange

Tarino Orange — Sat, 03 Sep 2022 22:09:01 +0000

In reply to Zennia.

Sipinya Ndongo – What do you think the job of a Finance Minister is? The President provides leadership and vision ..the Finance minister plots how to get there…PF in 2011 we had a not so educated President with ambitious vision who had no care how he was going to get there with a Finance Minster who was was from a bygone era afraid of advising otherwise as he was more interested in keeping his job and business interests.

By: Mlevi Kachasu

Mlevi Kachasu — Sat, 03 Sep 2022 21:10:28 +0000

Imagine this stellar performance by HH against the 10yrs of PF declines and their “less money in our pockets in 10yrs” rather than the 90 day lie they sold to us.

By: Sipinya Ndongo

Sipinya Ndongo — Sat, 03 Sep 2022 21:07:13 +0000

In reply to Zennia.

Zambia doesn’t need a president; it needs an economic manager- this is when we are getting it. Good bless the economic team of HH, Musokotwane, Mutati, etc