Find us on Google+

Monday, 9 March 2009

Fighting against Kwacha speculation?

The Government moved last week to introduce new regulations barring non-residents from borrowing the kwacha, for less than one year. In the words of BOZ : “We are stopping non-residents from borrowing kwacha in the domestic money market in contracts with a tenure of less than one year....These measures are aimed at providing stability in the financial markets in Zambia, which include money, capital and foreign-exchange markets.”

No comments:

Post a comment

All contributors should follow the basic principles of a productive dialogue: communicate their perspective, ask, comment, respond,and share information and knowledge, but do all this with a positive approach.

This is a friendly website. However, if you feel compelled to comment 'anonymously', you are strongly encouraged to state your location / adopt a unique nick name so that other commentators/readers do not confuse your comments with other individuals also commenting anonymously.