ECONOMIST Trevor Hambayi says the introduction of K200 and K500 notes signals that the country has an inflationary issue. And Hambayi says there will be devaluation of the Kwacha in terms of purchasing power if the new notes do not match the country’s economic growth. Speaking on Diamond TV’s Breakfast Show, Thursday, Hambayi noted that in 2024, Zambia had a consistent increase in inflation. “In terms of the introduction of the notes, obviously yes, I think it is speaking to the, it gives the signal that we’ve got an inflationary issue that we need to deal with and the introduction of the notes is specifically speaking to having to be able to deal with that challenge, that challenge is around...

This premium content is for paid ePaper subscribers.
Subscribe
Already a member? Log in here