‘Kwacha remains fairly stable’

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—-Standard Chartered Bank says the Zambian Kwacha remained fairly stable during yesterday’s trading session with matched demand and supply flows on the interbank.


The bank disclosed that the local currency closed trading at K6.275 to K6.295 per one United States Dollar.


This is according to the Bank’s daily brief obtained by ZANIS in Lusaka today.


Meanwhile, Cavmont Bank stated in its market report for Thursday, October 2, 2014, that because of a slight increase in dollar demand on interbank, the Kwacha hovered near the K6.300 per one US Dollar barrier.


The report said despite this, demand from corporates remains relatively subdued as most continue to trade the currency pair with caution.


The report further disclosed that the local unit closed the day at K6.265 to K6.305 against the greenback on the bid and offer respectively.