Kwacha on course to regaining- Yamba

Secretary to the Treasury Fredson Yamba says the Kwacha is on course to regaining its stability and resilience.

In a treasury brief, Mr Yamba says the Kwacha has posted a 1.3 % gain week-on-week performance.

Mr Yamba says over the last few weeks there have been pockets of pressure on the local currency due to the strong international performance of the dollar,and poor copper price outlook on world markets .

He says with the presidential election having passed, it is hoped that the speculative tendencies of the private sector will fizzle, which is positive for the currency market.

Mr Yamba adds that over the past week the exchange rate of the Kwacha against the US dollar has appreciated by 1.33percent due to increased supply of the US dollar on the market