ECONOMIST Lubinda Haabazoka says the Kwacha is just two weeks away from hitting the K30 against US$1 psychological barrier. And Dr Habaazoka says some businessmen have run away from transacting in Zambia because the economy is tense and being policed. The Kwacha is facing a deep depreciation against major convertible currencies as it is racing towards hitting the K27 mark against US$1. According to yesterday’s Bank of Zambia market rates, at 15:30, the local currency was buying at K26.6081 and selling at K26.6500. While the average market rate was K26.3238 for buying and K26.8446 for selling. Commenting on this in an interview, Tuesday, Dr Haabazoka said K30 to a dollar was just two weeks away, when asked whether he thought...

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