New K500, K200 banknotes will accelerate Kwacha depreciation – Sichinga

By Jane Chanda Former commerce minister Robert Sichinga says President Hakainde Hichilema’s administration is introducing new K500 and K200 banknotes because of the Kwacha’s devaluation, a development he said will only accelerate currency depreciation.And economist, Dr John Musantu, said the timing to introduce new Kwacha notes was wrong owing to the instability in macroeconomic fundamentals such...

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