BA OPPOSITION DO NOT KNOW WHAT RESERVES ARE AND WHERE THEY’RE KEPT 🤣 Anyway, is it a lie that our reserves have increased to USD 6.47 Billion? Let’s have a mature conversation: at the same time, let not ba opposition cheat on you that there’s money being kept at the Bank of Zambia (as reserves). Let’s understand what reserves are. Our discussion: what are reserves and what do they do to a nation?
WHY THE BANK OF ZAMBIA CANNOT LIE ABOUT ZAMBIA’S USD 6.47 BILLION FOREIGN RESERVES
The Bank of Zambia has officially announced that our country’s financial savings, known as Gross International Reserves, have jumped to an all-time high of USD 6.47 billion. This important money gives Zambia a strong safety net of 5.7 months of import cover. This means if Zambia stopped earning foreign money today, we have enough savings to safely buy essential goods like medicines, fuel, and food from other countries for nearly six months. To understand how big this achievement is, we must look back to August 2021 when the New Dawn UPND government took power. At that time, they found the national savings nearly empty.
Under the previous Patriotic Front administration, the savings had dropped dangerously low, sitting between just USD 1.4 billion and USD 2.9 billion. Today, that national safety cushion has more than doubled. This growth protects the value of our Kwacha currency, stops prices from jumping too high, and shields everyday Zambians from global economic problems.
Despite this clear good news, opposition politicians like former Ambassador Emmanuel Mwamba and his team have rushed to social media to fight these figures. They are telling people that the numbers are fake, made up, or exaggerated. However, these claims are completely false and show that they do not understand how modern money systems work, or they are simply trying to mislead the public to win political points. The times when a government could sit in a dark corner and cook its financial books to lie to the citizens are completely gone.
In today’s world, it is impossible for a country to give wrong data about its international savings because the world’s biggest financial watchdogs check everything. First, Zambia is working closely with the International Monetary Fund (IMF), and IMF experts continuously log into our central bank systems to do forensic audits of the books.
Second, independent global financial agencies like Trading Economics and CEIC Data track and publish these same numbers out in the open for everyone to see. Third, this USD 6.47 billion is not physical cash locked inside a room in Lusaka; it is kept digitally in top-tier international banks overseas. Those foreign banks must confirm that the money is truly there, which means the Bank of Zambia cannot lie even if it wanted to.
Lying about national savings would bring instant disaster to Zambia. If our central bank gave false data, global rating companies like S&P and Moody’s would immediately downgrade Zambia’s financial score, telling the world that our country cannot be trusted.
Foreign investors would panic, pack up their money, and cancel their business projects in Zambia. This loss of trust would cause the Kwacha to crash overnight, making the price of basic goods, transport, and food skyrocket beyond the reach of ordinary families.
The fact that global markets are happy, credit scores are stable, and international businesses are bringing money into Zambia proves that the global financial community knows these figures are 100% genuine. This historic achievement of USD 6.47 billion shows the power of honest governance, strict financial discipline, and hard work.
While the opposition chooses to make loud, empty noise on social media, the New Dawn government is delivering real, verified numbers that are certified by the strictest watchdogs in the world. Zambia is moving forward, and no amount of political smoke and mirrors can hide the truth.
Guest Article.
(c) Shipungu June 18, 2026
It is sad that the opposition cannot celebrate what is good for Zambia because it is not good for them as individuals. They lie in the morning, lie in the afternoon, lie in the evening just to get back into power to continue from where they were rudely interrupted in their looting.
Actually,this can be felt pa ground,prices have remained stable,prices of most commodities eg sugar,mealie meal,even transport,high but stable.
The Author of the Article is Fake and doesn’t know what he is talking about. He is just as fake as the $6.7 Billion Reserves.
He claims the Reserves are held digitally in international Banks??? How ?
The components of the Reserves are Gold, Treasury Bills, government bonds, and other Securities. Then there is the IMF SDR amounting to $1.9Billion..
Finally the Bank notes and other deposits.
How do you hold Gold digitally?
The Bank of Zambia Governor is mute on the Foreign Reserves accumulations became he knows they are not what has been presented..
Let the Media fish him out of his Office to explain WHAT these Reserves are, the COMPONENTS , HOW Zambian has raised these, and WHERE they have come from.
The man obviously won’t avail himself..
He knows the SCUM and SCAM this government is parading.
Stop smoking whoever you are pls.Fitch Ratings has formally raised Zambia’s sovereign credit rating from restricted default to B–. What do you believe motivated the government to invest in these mines? You may express your grievances, but you are not returning. A heart attack could lead you to an untimely demise. This really pains you Mr man. You excel at speaking when you possess no knowledge.Pf is dead keep on lamenting like a rabid dog
@hamusoonda
You can insult Mr Haamusonda. It is no big deal.
The Author of the Article is Saying
Our Foreign Reserves are held digitally abroad!!!
With your Small Primitive Brain, can you believe this?
You have zero understanding on what is meant by Foreign Reserves…
No time to even debate with you.
Please sit down and keep quiet. Day in and out all you ever do is make loud empty noise in support of criminals.
You support Mundubile. Has he not beeing pointed out by Kambwili for supplying “air” to the state. Was it not later learnt that he was paid in advance for contracts he didnt fullfill?
The same Mundubile wants to bring back the black mountain confusion. How many lives have been lost while those that finance the illegal mining sit cushy in their ivory castles?
An entire Helicopter was bought using stolen money and the evidence is of overwhelming in the matter that Malanji can not refute. A non existent Congolese company with an address at a Catholic institution said to be doing be doing bisiness with Malanji. And you want to take us for fools?
Everyday you come here with your warped thought up lies to mislead who? Grow up…nga bwali belele ufufi uko not pa Zambia twakana…