BoZ to Issue Statement Adressing Currency

    Bank Of Zambia Building

    The Bank of Zambia -BoZ- has remained tight lipped over allegations that it has induced an artificial strengthening of the Kwacha.

    As of Friday the 20th of August, the Central Bank quoted the Kwacha as selling at 17.3120 and buying at 17.2620 per one US dollar respectively.

    Zambian Kwacha

    But, when contacted for comment on whether the Bank of Zambia -BoZ- has played a role in the appreciation of the Kwacha since the August 12th general elections, BoZ Assistant Director for Communication Besnat Mwanza said the Bank will make a comment during the Monitory Policy Meeting -MPC- media briefing next week.

    Ms. Mwanza said the Central Bank does not make comments on such before media briefings.

    She said that the Central Bank is currently preparing ahead of the said briefing.

    And Former Bankers Union of Zambia -BUZ- President Lucky Beene has argued that the strength of the Kwacha is due to the Hakainde Hichilema brand which has received positive sentiments.


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