By Peter Sinkamba

TIME IS HERE AGAIN TO MAKE COOL CASH FROM TEMPORAL GAIN EFFECTS OF KWACHA

Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed today the third review of Zambia’s 38-month Extended Credit Facility (ECF) Arrangement and approved an augmentation of SDR 293.46 million (about US$385.7 million).

Here comes harvest time once again, for currency speculators to make cool cash from temporal Kwacha gains.

The default upper position for the Kwacha in the last six months has been K28, and the least K24. Speculating on default settings could generate at least could generate a cool profit of at least K1.1 billion within a month or so.