President Lungu during his jogging routine in the morning

The Kwacha is not the only currency that has depreciated-President Lungu

Zambian News

President Lungu during his jogging routine in the morning

President Edgar Lungu has assured Zambians that government is doing everything possible to stabilize the Kwacha.

Speaking to journalists in Lusaka today shortly after his routine morning run at State Lodge, President Lungu said that the Kwacha is not the only currency in the region that has seen marginal depreciation, but insisted that the local currency will stabilize.

The local currency has been on weakening trajectory which has seen its value slide to levels of K13 representing an 8.6% depreciation from the beginning of the year, prompting the Economics Association of Zambia (EAZ) to advise the Zambian authorities to relook the balance of payment monitoring mechanism.

Meanwhile, President Lungu said that the National Dialogue Forum (NDF) will continue despite criticism from political players.

The President said that those criticizing the Forum will remain behind because his desire is to see the process yield positive results for Zambian

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