THE Kwacha has recorded some drastic gains after facing a deep depreciation last month as it was trading above the K27 band. Experts feared that the local currency would cross the K30 psychological barrier against the dollar, a concern which Finance Minister Situmbeko Musokotwane said was unlikely. Cross-border traders and other businesses were forced to keep their currency in dollar to avoid depreciation losses. The situations changed in the past two days, however, when the local currency started off on a bullish upward trend, gaining by about K2 in just over 24 hours, much to the shock of traders. According to the Bank of Zambia Friday money market rates, at 15:30 hours the Kwacha was buying at K24.8247 and selling...