BINWELL MPUNDU
THE MUSOKOTWANE /KALYALYA ECONMICS ARE ANCIENT THEY WILL KILL THE LITTLE ECONOMY WE HAVE AT THE MOMENT.
Again ba Finance Minister Hon Musokotwane and Ba BOZ governor Ba Kalyalya are proving to be outdated in their approach to managing the economy.
Today the Dollar is at K 24 and experts predicts it will get to K30 by January and the BOZ has adjusted the Reserve Ratio in trying to stop the depreciation of the Kwacha .
The truth is that the move will not do anything to address the depreciation but what it will do is to basically crowd out all the money available for banks to lend to the private sector.
Look guys,the economy should be driven by the private sector but what Ba Musokotwane is doing is to kill the private sector by removing money that the private sector can borrow from Banks to pump into their businesses. They believe that there is too much money around and people are buying too much dollars thats why the dollar is appreciating out of the demand and so they have resorted to stiffle the citizen by crowding out Liquidity so that even the little liquidity that will be available for borrowing will be too expensive and no one will be willing to borrow .That will completely kill the already dead private Sector .Lets face it,is there any money today in circulation that ba Kalyalya wants to remove out of circulation??isnt every Zambian broke today??
I will tell you this and u will remember me ,the Economics of Ba Musokotwane and Ba Kalyalya is oudated and they will Kill the Little economy left already.
We must be looking for other solutions to arrest the depreciation of the Kwacha and exports would help but what are we going to export if you are killing the private sector.
Anyways am not an Economist this is the little i have learnt from the streets.
TIME TO CHANGE THE WAY WE DO THINGS WE NEED FRESH MINDS IN LEADERSHIP AND AM READY IF YOU NEED ME .
BINWELL MPUNDU
NKANA MP
UMWINA NKANA.