ECONOMIST Bright Chizonde says the local currency will continue to be unstable because it still remains subject to sentiments and investor confidence instead of being anchored on actual productivity. And Economist Trevor Hambayi says there is need to increase productivity and exports in the economy in order to stabilise the currency. According to the Bank of Zambia daily market rates, the kwacha was buying at K18.5359 and selling at 18.5822 against the US dollar as at 12:30 hours yesterday, while on Tuesday it was buying at K18.2313 and selling at 18.2813. In an interview, Chizonde said it was his expectation that the kwacha would appreciate once the IMF releases its second disbursement of US$188 million to Zambia. “I think the...

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