RENOWNED chartered accountant Andrew Chibuye says the introduction of a new bank notes highlights ongoing challenges with price stability and inflation. Chibuye also observes that while the introduction of K500 and K200 notes might seem contradictory to the policy of moving towards a cashless society, but it is important to consider the broader context, which is that such transitions are gradual. In a write up dubbed “Kwacha! A New Dawn of Zambia’s New Currency Family”, Chibuye stated that introducing larger denomination notes does not directly cause inflation. “Things to think about – I respond to eight questions that I have received on the subject: 1. How long will it be before the new currency family needs to be replaced? Well,...

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