There was an error in this gadget

Monday, January 23, 2012

Zambia's currency realigned and one minute noise

Zambian Government announced yesterday that it is knocking off three zeros from its currency. This effectively means that their currency already really strong in comparison to Kwacha has become one of such in real terms in the region. Mozambique did that a few years ago. Malawian kwacha K1000 which was at K26000 or thereabout is not wort K26 as of yesterday. Very interesting development.
I am holed up in the Northern part of Malawi in Chikangawa forest where there is very little access to communication. Is anybody aware what is happening after all the noise people made after women were stripped? It was one minute noise as I predicted and everyone has gone back to work until vendors do something nasty again!

No comments: