Wednesday, 9 July 2008

The Zambian kwacha

The Zambian kwacha weakened following the president’s health scare. Conflicting information is coming in. For a short period, it appeared that Vice President Rupiah Banda would become acting president, although President Levy Mwanawasa medical condition is described as stable and no channge of leadership has occurred. In view of the situation, trading in the foreign exchange markets was informally suspended last week.

We would point out that economic fundamentals remain encouraging!

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