Southern Africa Cross Border Traders Association SACBTA Secretary General Jacob Makambwe has emphasized the need for the country to shift from a foreign exchange-dependent economy. \Speaking in an interview with Zambian Business Times, ZBT Makambwe noted that even though the 1% depreciation of the kwacha against the US dollar has minimal impact on the economy, the country needs to strike a balance in the money market. “We need to have an economy that is not going to be dependent on how the exchange rate is doing but rather have an economy that should balance what happens in the money market...
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