{"id":34225,"date":"2022-11-08T22:47:04","date_gmt":"2022-11-08T22:47:04","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses"},"modified":"2022-11-08T23:01:19","modified_gmt":"2022-11-08T23:01:19","slug":"kwacha-faced-october-with-some-nominal-loses","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses","title":{"rendered":"Kwacha faced October with some nominal loses"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>A Social Economist Kelvin Chisanga has explained that the kwacha has closed up the month of October in nominal losses despite having strong supply lines of hard currency on the other hand, as the United States Dollar.<\/p>\n

Mr Chisanga said that this is because of the high demand placed on the import activities contrasted with the export market, a situation that has led to a hot run on the local currency.<\/p>\n

He noted that the kwacha has been exposed to an importer demand drive which has been quite huge and very overwhelming with the supply levers, which were also critically strong at the back of central bank\u2019s weekly continuous market interventions.<\/p>\n

\u201cIn the short to medium term, during the course of the month, kwacha kept on oscillations between gains and loses but the large percentage was weighing more on the loses as agriculture inputs and fuel have been serious pack of activities into forex trading patterns during the month of October,\u201d he noted<\/p>\n

Mr Chisanga mentioned that though, the local and broader market have indicated some serious stabilities, though kept on fluctuating on overnight lending rates between commercial banks, adding that the in the interim, there\u2019s a likelihood to see the kwacha keep on oscillating, but with high chances of posturing stability owing to strong expected supply channels from corporates and slowdown in demand, which is headed to some dry period on forex inflows.<\/p>\n

\u201cIn the month of November, we may likely see a surgical action on the monetary policy rate in an effort to contain expansionary budget for fiscal year of 2023, so in short we may see a surge in policy rate in order to counterbalance on global inflationary pressures and balancing up of local fiscal expenditures slapped in a 2023 stimulus budget,\u201d Mr Chisanga stated<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. A Social Economist Kelvin Chisanga has explained that the kwacha has closed up the month of October in nominal losses despite having strong supply lines of hard currency on the other hand, as the United States Dollar. Mr Chisanga said that this is because of the high demand placed on the import […]<\/p>\n","protected":false},"author":84,"featured_media":34224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-34225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nKwacha faced October with some nominal loses - Zambia<\/title>\n<meta name=\"description\" content=\"A Social Economist Kelvin Chisanga has explained that the kwacha has closed up the month of October in nominal losses de ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kwacha faced October with some nominal loses\" \/>\n<meta property=\"og:description\" content=\"A Social Economist Kelvin Chisanga has explained that the kwacha has closed up the month of October in nominal losses de ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-08T22:47:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-08T23:01:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"543\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kwacha faced October with some nominal loses\",\"datePublished\":\"2022-11-08T22:47:04+00:00\",\"dateModified\":\"2022-11-08T23:01:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses\"},\"wordCount\":317,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses\",\"name\":\"Kwacha faced October with some nominal loses - Zambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg\",\"datePublished\":\"2022-11-08T22:47:04+00:00\",\"dateModified\":\"2022-11-08T23:01:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"A Social Economist Kelvin Chisanga has explained that the kwacha has closed up the month of October in nominal losses de ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg\",\"width\":800,\"height\":543,\"caption\":\"Kwacha faced October with some nominal loses\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kwacha faced October with some nominal loses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/\",\"name\":\"Zambia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kwacha faced October with some nominal loses - Zambia","description":"A Social Economist Kelvin Chisanga has explained that the kwacha has closed up the month of October in nominal losses de ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses","og_locale":"en_US","og_type":"article","og_title":"Kwacha faced October with some nominal loses","og_description":"A Social Economist Kelvin Chisanga has explained that the kwacha has closed up the month of October in nominal losses de ...","og_url":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses","og_site_name":"Zambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-11-08T22:47:04+00:00","article_modified_time":"2022-11-08T23:01:19+00:00","og_image":[{"width":800,"height":543,"url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Kwacha faced October with some nominal loses","datePublished":"2022-11-08T22:47:04+00:00","dateModified":"2022-11-08T23:01:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses"},"wordCount":317,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg","keywords":["Africa Press","Africa Press-Zambia","Zambia"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses","url":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses","name":"Kwacha faced October with some nominal loses - Zambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg","datePublished":"2022-11-08T22:47:04+00:00","dateModified":"2022-11-08T23:01:19+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"A Social Economist Kelvin Chisanga has explained that the kwacha has closed up the month of October in nominal losses de ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#primaryimage","url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg","contentUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_24-636adfa314e2b.jpg","width":800,"height":543,"caption":"Kwacha faced October with some nominal loses"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/kwacha-faced-october-with-some-nominal-loses#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zambia\/"},{"@type":"ListItem","position":2,"name":"Kwacha faced October with some nominal loses"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zambia\/#website","url":"https:\/\/www.africa-press.net\/zambia\/","name":"Zambia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/34225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/comments?post=34225"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/34225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media\/34224"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media?parent=34225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/categories?post=34225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/tags?post=34225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}