Q FM Africa's Modern Radio
A social economist Kelvin Chisanga says the local currency is beginning to show positive trends on the money market, a situation he says is a positive thing to happen.
The kwacha on Friday made a sharp jump, with an appreciation percentage of around 2 to 3.4%, closing the week with such an impressive margin.
Meanwhile, Mr. Chisanga says the supply of liquidity is seen to have still remained elevated, adding that the key fundamentals are suggesting the kwacha will continue trending this particular path to cushion on inflationary pressure which could possibly be generated from the fuel increments.
Mr. Chisanga says going forward the projection may suggest that kwacha is likely to continue to seeing some positive gains, should supply remain in force as the factors continue to outweigh on the demand side.
The local unit opened its trade on Friday business day trading at k17.650 / k17.350 on both bid and offer before sharply changing to k16.890 / k16.750 on respective offers, the trading patterns thereafter maintained trading on these levels till the closure of business on Friday.