ECONOMIST Chibamba Kanyama has attributed the continued depreciation of the Kwacha to fertilizer and fuel imports as well as increased demand for dollars during the festive season. According to the Bank of Zambia rates, yesterday the dollar was buying at K16.99 and selling at K17.04 as at 15:30 hours. In an interview, Kanyama said the interest rates in the US also had a huge impact on the Kwacha/Dollar value. “If you look at the pattern of the Kwacha, it always depreciates around this month between October and December. Just look at the previous years and largely three things take place at this time of the year, the fertilizer imports, they put a lot of pressure on the Kwacha and this…...

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