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Economy in stable condition – Siame

DESPITE the fluctuating copper price on the global market, the country has continued to experience stable macro-economic conditions with the Kwacha trading below K10.
Copper, which is Zambia’s major source of foreign exchange, is trading at about US$6,700 range.
Ministry of Commerce, Trade and Industry permanent secretary Kayula Siame said since January this year, the Kwacha has been trading below K10 and inflation rate at 7.1 percent while average interest rates are below 30 percent.