WE are waiting to hear what the noisy prophets of doom will be talking about now, since one of their favourite subject of the Kwacha underperforming is adequately being addressed by the Government.
The intervention has borne positive results with the Kwacha continuing to appreciate aggressively against the United State (US) dollar with our local currency hitting K9.7767, extending its bullish run to six successive days.
The other heartening aspect to celebrate about is that the local currency has continued to show this resilience against the greenback with financial experts predicting a bullish trend over the next one week.
Can’t all patriotic Zambians unite in celebrating this turn of events in a country which has witnessed a clique of doomsayers and other economic Sangomas only relishing on bad news?
The so called underperformance of the Kwacha has become a favourite subject that is debated freely by arm chair economists especially on social media.
Despite sharing ignorance with the masses, our know-it-all economists have soldiered on commenting on a subject that they don’t understand.
Last year when the Kwacha appreciated significantly some economic analysts attributed the appreciation to President Edgar Lungu’s assurance to both international and local markets that he was taking measures to fix the economy.
Other respected analysts attributed the appreciation to the move by mining firms and other companies to buy the local currency to meet month-end obligations such as paying salary and taxes.
At one time Zambia’s Kwacha weakened by around 90 per cent between August and early November last year but has rallied in the following two weeks after the Central Bank began selling US dollars.
All these are clear indicators that President Lungu and the Patriotic Front (PF) Government are working round the clock to ensure the Kwacha remains in the one figure digit range.
All this is being done amidst a cacophony of negative comments from some opposition members who have made the Kwacha a favourite subject to comment on.
Then we have some business houses that have been insincere with the reasons they give for increasing prices of commodities even when the Kwacha appreciates.
These unscrupulous people have used the currency to increase commodities even when the Kwacha is appreciating against the US dollar.
However, it is the doomsayers from the opposition who constitute the most callous group of Zambians whom we should blame for spreading lies on the Kwacha with the view of making President Lungu and the PF unpopular.
Led by some high priest of liars in the opposition, this group of fault-finders is on the war path for any negative aspect real or invented to tarnish the image of the Government.
For once we want them to say something positive about the appreciation of the Kwacha which everyone (economists and laymen) can see for themselves.
Together with load shedding and unemployment, the underperforming Kwacha has become a favourite subject for the wolf pack to talk about.
It is only surprising that this group has little sense of shame since it keeps quite when these subjects are addressed positively.
As things stand, we want to hear what this group will say since the Kwacha appreciation is quite significant and deserves positive comments.