Forced to transactional account that has no interest

This was obvious to pedestrian observers including @spikes and @vvs

This was obvious to pedestrian observers including @spikes and @vvs

Problem: President Uhuru will probably not reverse these before the election for obvious reasons and after the elections, we don't know who will be the president and whether he or she will have the tyranny of numbers in parliament.

The country might be screwed longer than we anticipate and for what??? Political reasons!!!

In her final remarks Electoral Commission of Zambia (ECZ) Chairperson, Justice Ireen Mambilima, said the average voter turnout in the recent presidential by-election was about 33 per cent. In some constituencies, out of about 33, 000 registered voters, one learns that only about 8, 000 registered voters actually voted. Justice Mambilima said this was the lowest voter turnout Zambia has ever experienced for many years.

While a winner in such high voter apathy political elections can celebrate having won a political election, it is clear that such a winner wins with a minority vote. Such a vote doesn’t give a winner confidence that one is a popular political representative in a given area. Such a situation threatens democracy dispensation as democracy promotes majority rule.

Zambians have turned out in large numbers to vote in the general elections, observers say is the closest contest in the country’s history.

Most polling stations opened at 06:30 Hours and are expected to close at 18 Hours in the evening.

Some voters in the capital Lusaka made their way to the polling stations as early as 04 Hours.

Many observers have said the early turn out might cast doubts of voter apathy which has characterised the recent elections in Zambia.

They vote yearly?

If he wins, rate caps will be suspended THIS year. If he doesn't win, it is anyone's guess what will happen. It will depend on who the next president will be, his/her grasp of economics and which between popularity and reality/economics matters to him/her most!!!

He would never play such games just for votes! He was an economist first and politician second. And his vast knowledge and experience were a big plus!!!

It was not @Obiero.

This has been one of the main arguments on this thread. We have been trying to tell people this will definitely happen but they have been saying never ever and even telling us their M-shwari maximum loans have been increased!

But may be now that the heat has hit the M-Shwari kitchen, they might finally see the light. But I am not holding my breath.

A Forex exchange trader who requested anonymity, after the CBK banned traders from making any comments about the shilling worth, linked the shilling’s fall to the Government’s action of loosening its monetary and fiscal policies. “It is misleading to say that demand for dollars from oil importers is the reason for the weakening shilling. We have been importing oil for a long time now without such a drastic depreciation of the shilling. I figure out that a loosening monetary policy to finance our budget deficit is the reason for the weak shilling,” the trader said. Banking ACT He explained that since the banking amendment act came into place, CBK has been reluctant to tell the country about the money supply in the market. “Before the act came into effect, especially during the Kibaki era, we could easily tell the amount of money supply in the market. I remember in the last year of the Kibaki presidency, it was 21 per cent. But now, CBK is yet to give us the current rate. It is possible the money supply is high in the market in order to finance the deficit, hence weak shilling,” the trader said.
Read more at: https://www.standardmedi...ers-dollar-demand-rises

Problem is that you buy the free market fallacy hook line and sinker. Regulation is a fact of life. Free market is only an appearance.