KWACHA FALL EXPLAINED

Monetary Analyst Maambo Hamaundu has attributed the depreciation of the kwacha to an enhance in question for the US buck and trip in copper prices on the international market.
Mr. Hamaundu says there has been a matter in bucks towards inflow of the buck because exporters of copper are no longer bringing the foreign forex into the financial system.
He has nonetheless acknowledged that alarming counterfeit statements on the alleged sale of ZESCO among a form of public property are no longer the main contributors to the depreciation but only have an effect on investor self perception.
Mr. Hamaundu told ZNBC Files that the statements can have an effect on prospective investors seeking to space up rotten in Zambia.
He says the previous 10 days fill seen the kwacha depreciate towards the buck from around 10-kwacha to now 11-kwacha 25 ngwee.