Economic analyst Yusuf Dodia has expressed fears that the continued volatility of the country’s exchange rate might soon lead to a situation where people will find it impossible to live in the country.
Mr. Dodia foresees a situation where the only things ordinary Zambians will be managing to buy will be mealie meal and Dodiasalt if the exchange rate continues on its current path.
He has told Qfm News that he does not therefore envy government’s position of ruling out the introduction of exchange controls in stabilizing the exchange rate.
Mr. Dodia who is also Private Sector Development Association (PSDA) chairperson states that this is especially that one of the control mechanisms used in the past was exchange controls.
He has advised that if government therefore does not want to introduce exchange controls, it should put in place bold measures that will stabilize the country’s foreign exchange market.