THE Lusaka Securities Exchange (LuSE) says the pronouncement requiring all domestic transactions to be settled in Kwacha strengthens the role of the local currency, a development it views as positive for long-term capital market stability. LuSE says the Central Bank has granted exemptions to allow the Exchange to continue operating its dual-currency market framework without interruption. In an interview, Monday, LuSE Chief Executive Officer Nicholas Kabaso said LuSE had noted that increased market participation had been partly supported by the relative firmness of the local currency, which had enhanced asset valuations and investor confidence.
He added that measures aimed at stabilising the currency were expected to further reinforce confidence among market participants. “The Lusaka Securities Exchange (LuSE) welcomes the measures… Do you agree that child defilers should be castrated?
