Tayali concerned with speculations on Zambia’s economy

Chilufya Tayali

The Zambia Voice says it is concerned with the speculations and malignancy to erode public confidence and portray the economic status of the country as if it is at the verge of total collapse.

Zambia Voice Executive Director Chilufya Tayali says the exchange rate of the local currency against other currencies does not necessarily reflect the economy of the country.

Mr. Tayali says looking at other factors such as the gross domestic products, inflation among others, the country is not doing as bad as some stakeholders and politicians want to portray.

He adds that it is cheap politics and manipulative to capitalise on the depreciation of the kwacha because the factors which affect the exchange rate can be very unpredictable and beyond government policies at times.

Mr. Tayali has however urged government to be very cautious with the local money market because they sense some gimmicks in the shortage of the dollar stressing that they could be a ploy between some business entities and financial players to exacerbate the problem for ulterior motives.

He further states that they have observed that some stakeholders have taken political interests due to their association with some opposition leaders that if they help them get into power they will in return give them favorable business opportunities.