By CountryTimes
DOLLAR IS GOING UP BECAUSE PF HAS HIDDEN PART OF IT IN SACKS
OBVIOUS Mwaliteta claims the Patriotic Front is behind the depreciation of Kwacha against major currencies.
The UPND Lusaka Province Chairperson claims he has information from within PF suggesting that members of the former ruling party have buried sacks of money underground thereby causing the local currency to depreciate. Asked which currency PF allegedly buried, Mwaliteta claims they buried dollars.
“What is happening is that pf have a lot of dollars that have been put underground. So this is causing a shortage of dollars. And you know that when dollars are in short supply then there is demand for them. There is lots of kwacha chasing few dollars on the market. So basically that is why Bank of Zambia has now decided to mop out some kwacha on the market so that the supply between dollar and kwacha is almost the same” Mwaliteta says.
And Mwaliteta says he knows about the law of supply and demand because he also did Economics foundation is one of his degree programs.
“By the way am an economist. I have done some of economic theories so I know what is happening. I I just chose to keep quiet but overall, am well learned.”
Asked when exactly he was studying Economics, Mwaliteta said a long time ago before UPND came into power.
And when further challenged how possible it was for him to study a degree in economics before having a full grade 12 certificate given that he only acquired 6 points immediately when UPND won elections through GCE, Mwaliteta fummed and cut the call.
Source: CountryTimes
His a fool, when member of parliament and a motion to vote for minimum requirement to hold public office was grade twelve certificate he voted for something he never had. Very dull character, and these are the heads surrounding hh and you expect him to resuscitate the economy, my foot.
This is the most stup!d explanation for the Kwacha free fall!
He deserves a medal… kikikiki
UPND is the most unpatriotic and uncaring, clueless greedy bunch!
How dull can one be
Now it’s obvious why HH never gave this guy any appointment. He is as dull as they come. Imagine if he was a minister then he came up with such a statement what an embarrassment it would have been to government. Let him just remain a cadre throwing stones as that is all his grey matter will allow him to do.
If Mwaliteta has any information, he can submit to the police, ACC or any investigative agency. People like baMwaliteta, you are not helping the government or UPND.
To analyse this clinically, it means although UPND is ruling and running the affairs of the country, Ex ruling party PF is running and controlling the monetary in the country! What a statement from a senior party official? Even a child would say something sensible. UPND make sure there is proper channel of communication and not this kind of mediocre . Is Mwitwa or state house communication director not there to communicate to masses in a well thought and researched fashion not to bring the Government into bad taste or projecting the government is failing on its obligations and has become unfit and incompetent to run and manage the government’ finances on behalf of the Zambian people?
Mwita please control this immaturity way communicating with masses from people like BaMwaliteta. Sad to read hope he was not misquoted
Ichi, chipuba.
Maybe this is what HH told him happened during their time in opposition. Dullest statement ever!