Lusaka, Thursday (February 29, 2024.
Fight Inequality Alliance – FIA Zambia says the current instrument called ‘Construction’ which Bank of Zambia – BOZ uses through the Monetary Policy is not good for ordinary Zambians.
FIA Zambia National Coordinator Mputa Ngalande said Construction involves getting the currency out of circulation.
Mr. Ngalande said the idea by BOZ was to raise the ratio which saw the Kwacha appreciating recently.
He said economic players such as contractors that need to pay workers will not access their finances fully from the bank when money is less in circulation.
The FIA Zambia National Coordinator said the development entails that ordinary citizens will not have money to access goods and services because the Central Bank wants to keep the inflation within the target bound between 6 to 8 percent.
Mr. Ngalande said the instruments BOZ has used recently are artificial, resulting in the demand for Kwacha helping it to appreciate against the Dollar.
He, however, said the interventions are short term solutions which make it difficult for Zambians to have money because it is difficult to find, thereby raising inequality levels in the Country.
Mr. Ngalande has recommended that the solution is for Zambia to consider long-term solutions that address the need for Zambia to move from an import dependent Country to a larger exporter.
The FIA Zambia National Coordinator said the problem with being an import dependent Country is that Zambia gets affected when the Dollar strengthens, thereby increasing inequality.
You actually make it seem so easy along with your presentation but I to find this topic to be really
something that I think I would never understand.
It seems too complicated and extremely huge for me.
I’m having a look ahead on your next submit, I will try to get
the hold of it!
Very interesting details you have mentioned, thank you
for putting up.?
I never thought about it this way before. Thanks for opening my eyes.
This was very informative. I appreciate the clarity and depth.
Great post! I’m looking forward to reading more of your work.
Very interesting details you have remarked, thanks for posting.
Euro travel
Hi, it’s Charles here, coming to you from the land of endless opportunity– or as we like to call it, the 1K a Day System. Here, we teach you how to earn more than a well-fed squirrel collects nuts for the winter. If you’re ready to pile up those digital acorns, hop on board! Let’s make your savings account as plump as those cheeky animals by signing up today.
https://heylink.me/Bongdalu0101
https://www.instapaper.com/p/Bongdalu11
https://kaeuchi.jp/forums/users/da88tube/
https://www.magcloud.com/user/da88tube
https://docs.google.com/presentation/d/18Vs7IDPl9JU_F0lXA6Zk3OjQWBN8mhqE_0qED3xao1I/edit?usp=sharing
https://library.zortrax.com/members/da88tube/
https://otobanana.com/deep/user/9d223beb-8819-432d-8883-f7af94fa84b6