😂😂😂 yaba

Well, comparisons can be made at different levels:

1. Between peer countries as is the case now in the Ministers statement. But if our currency is doing better than others, I want to know which ones. Currency comparisons across countries mainly matter for those countries you trade with. For example, we trade more with South Africa (our shopping malls are filled with South African goods etc.), therefore, how the Kwacha compares to the Rand is much more of concern than how it compares to the Malawian Kwacha or the Ghanaian Cedi. Today, you need to pay about K1.5 for R1. In the past it was cheaper. So this to me is quite important.

2. Comparisons can be made across time. Which is probably the point @BuyoyaJonah is making. And the reason is that a weaker Kwacha today than a year ago translates into higher cost of living for citizens. This means, comparisons across time may be of more concern than across countries. Even if the Kwacha were to be stronger than the Malawian Kwacha or Zim dollar we know that within Zambia the same money today is buying fewer goods compared to last year. If the loss in value isn’t compensated for by increase in incomes, it leads to struggles at the household level and fuels poverty.

Thanks for now 🙏