The Zambian Kwacha has fallen by 4.6% vs US dollar today to trade at K7 (spot) per USD. Does BoZ have more in their tool-box? They sold $251m to support it in H2 2014.
Let's see what Dr. K (Denny Kalyalya) has up his sleeve for his first challenge. But long term, BoZ can't win this fight by themselves.
It will be interesting to see what the figures for Balance of Trade are for January and February 2015. 3 deficits in a row?
With low economic diversification to date, does Zambia REALLY deserve strong Kwacha? Food for thought
Trying to decipher this puzzle that is Zambia by using a variety of publicly available data (structured and unstructured) in conjunction with my own skill/experience. * * *