Bankers Affiliation of Zambia Chief Executive Officer Leonard Mwanza says the depreciation of Kwacha has been precipitated by world phenomenon affecting a sort of currencies in rising markets.
Mr. Mwanza says the Kwacha depreciation is furthermore being pushed by the strength of United States buck.
He furthermore says the month of September has develop into accustomed had been the Kwacha tends to depreciate as a consequence of Market thought.
Mr. Mwanza told ZNBC Files in an interview that nearly all traders and wholesalers decide more dollars to inventory for the festive season.
He talked about the mismatch between provide and ask furthermore has contributed to the depreciation of the kwacha especially in a case where ask is high.
The Kwacha is trading between Eleven Kwacha 70 ngwee and Eleven Kwacha eighty ngwee.