Home Business and Technology Kwacha to depreciate further this week

Kwacha to depreciate further this week

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Kwacha

One USA Dollar will this week be costing more than K19 in commercial banks. It is already selling for close to K19:20 on the black market.

A British Sterling is selling for K23: 28 something that has never happened in the history of Zambia.

According to the PF, the tumbling of the Kwacha is due to the Coronavirus.

In Other News – Covid 19 update – No new cases recorded as two more are discharged

No new cases of covid 19 have been recorded in the last 24 hours out of 99 tests conducted, Health Minister Chitalu Chilufya has disclosed during the daily covid 19 press briefing. And two more patients have been discharged after testing negative bringing the total number of patients discharged to five.

covid-19 Coronavirus

Dr Chilufya further said more human capital will be deployed to the covid 19 hot spots in Lusaka and has appealed to residents to cooperate with them adding that people should sacrifice a little longer because the turning point for the virus will come soon. read more

Source – Zambia Watchdog