By Chris Zumani Zimba
Whether the Kwacha is currently stable and thick in your pocket or bank account or not, the fact remains that the Zambian currency is among the best and among strongest ones in Africa. The problem is the same, many Zambian Christians don’t like to hear good news about their country at regional or international level. Generally, it is difficult to tell whether this is their strength or weakness; a blessing or curse, only God or Satan knows.
This is not daily usual politics of ‘Let the People Talk”, this is PF or UPND parliamentary impasse, in fact, this is not ZCID and the three church mother bodies failed ‘national dialogue’ dance; this is ‘Katundu’ very nice and good news for Zambians. Once more, the Zambian kwacha has stubbornly remained on the top ten (10) best and most stable currencies in Africa, beating big South African Rand, Egyptian Pound and Namibia Dollar.
According to Nigeria’s Naija Quest.Com in January, 2019, the Zambian Kwacha scored 6th most stable and reliable currency in Africa https://naijaquest.com/highest-currencies-in-africa/
This is one development that is not necessarily new to the informed folks but merely an improvement on how the currency of the former Northern Rhodesia and Barotseland has been fairing at region level for past 10 years or more.
Below is the top ten ranking table for the January 2019 most stable and best currencies in Africa:
- Libyan Dinar at 1.40 LYD currency value to US$1
- Tunisian Dinar at 2.97 TND currency value to US$1
- Ghana Cedis at 4.83 GHS currency value to US$1
- Moroccan Dinar at 9.52 MAD currency value to US$1
- Botswanan Pula at 10.62 BWP currency value to US$1
- Zambian Kwacha at 11.98 ZMW currency value to US$1
- South African Rand at 13.96 ZAR currency value to US$1
- Swaziland Lilangeni at 14.15 SZL currency value to US$1
- Namibia Dollar at 14.33 NAD currency value to US$1
- Eritrean Lafka 15.00 ERN currency value to US$1
- Egyptian Pound 17.91 EGP currency value to US$1
Chris Zumani Zimba is a prolific Political Scientist, Analyst, Author, Blogger, PhD Scholar, Researcher and Consultant. Besides being the CEO and Managing Consultant at Chrizzima Democracy University (CDU) in Zambia, he analyses African politics weekly on Voice of the Cape Radio, South Africa every Wednesday at 16:20hours CAT. So far, he has authored more than 10 political and academic books as well as published over 100 well researched articles. Sometimes, he lectures Political Science-Part Time with University of Zambia (UNZA) and University of Lusaka (UNILUS) outside his usual commitments. Chriszumanizimba.firstname.lastname@example.org or email@example.com; +260 973 153 815