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Zambia's World Beating Currency - Business - Nairaland

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Zambia's World Beating Currency by iamfreshmontana(m): 7:00pm On Apr 15, 2016
The kwacha, being the world's best-performing currency of 2016 so far.
Ivan Sang Che Aiyabei from Nairobi in Kenya was among many commenters to suggest one thing might have influenced the change: The Zambian government declared days of prayer when the Kwacha plunged low in 2015. Faith in God changes situations.
President Edgar Lungu asked for a day of forgiveness and reconciliation to be observed to help combat the economic problems facing the country last year on Sunday 18 October.
Zambia's domestic football fixtures were postponed, bar owners had been asked to close their businesses and thousands gathered in the capital, Lusaka, to pray - in part in an effort to help change the economic situation. Two weeks later BBC Business reported that an approach more familiar to economists was taken: The central bank has pushed interest rates up to 15.5% to try and curb soaring inflation.
The kwacha rose around 0.6% against the dollar following the announcement.
CAN SAME HAPPEN TO THE NAIRA
source: www.bbc.com/news/live/world-africa-35783510?live_variant=nonjs
Re: Zambia's World Beating Currency by ijedallar: 7:29pm On Apr 15, 2016
Their President is a Christian and listen to advice and obey the rules of law.

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