Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray - Politics

Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray (802 Views)

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Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray by raayah(op): 8:04pm On Oct 19, 2015

[size=13pt]The Zambian kwacha has been in free-fall this year, especially since August, and it’s now down 45% for the year against the US dollar.

In response, president Edgar Lungu asked the country to pray to God to “heal” the currency, according to the AFP:
“Our God has heard our cries, he has forgiven us our sins and we are sure he will heal our country (as) we face serious social-economic challenges,” Lungu told a gathering of some 5,000 Zambians, including former presidents Kenneth Kaunda and Rupiah Banda.

Zambia’s economy is heavily dependent on its copper trade, and its copper trade is heavily dependent on China. When China devalued its currency at the same that global copper prices hit rock bottom, investors got spooked, only briefly pausing their frenzied selling of kwacha when the government said it wouldn’t impose capital controls.[/size]

Graph showing zambia's currency fall.

Source: http://qz.com/527580/zambias-currency-is-falling-so-fast-its-president-asked-the-country-to-pray-for-it/

Re: Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray by Ini22(f): 8:06pm On Oct 19, 2015

Re: Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray by Nobody: 8:07pm On Oct 19, 2015

Africans praying away their problems since time immemorial. didn't work then, won't work now.

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Re: Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray by braine(m): 8:07pm On Oct 19, 2015

Ioannes:
Africans praying away their problems since time immemorial. didn't work then, won't work now.

Even the West that brought religion don't even pray reach us.

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Re: Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray by Nobody: 8:23pm On Oct 19, 2015

That's what the West wanted of the naira.

Re: Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray by Sall(m): 8:37pm On Oct 19, 2015

Foolishness is when you think prayers can hill your country from falling into reccession and not thinking of husterity measures.

Re: Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray by Nobody: 9:08pm On Oct 19, 2015

Ha Ha.... Sometimes I just look back and just be happy for being atheist, being mentally and revolutionary free from religion bipolar disease.

My advice to Zambian is have fun while talking to yourself instead of fighting recession.

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Re: Zambia’s Currency Is Falling So Fast, Its President Asked The Country To Pray by baralatie(m): 10:06pm On Oct 19, 2015

the solutions are there.but solely dependent on copper waow that is a lot of risk?

1 Reply

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