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CUTS Predicts Price Rises
CUTS programme officer Tommy Singongi says this is because most business houses have incurred extra costs following the changing of their systems.
Mr. Singongi however states that what will be illegal is the manipulation of prices by the retailers.
Speaking to QFM, Mr. Singongi says it is important to ensure that all retailers and business communities display tallying prices, both in the old and new currency.
He further states that the Bank of Zambia should not relax, but should vigourously continue sensitizing the public on the rebasing of the currency to avoid consumers being manipulated.
Mr. Singongi adds that the central bank should also not limit itself to the six months of sensitization but should continue with the sensitization programme even after june, when the old currency will be phased out completely.
Posted by
Twiumfwako
January 7, 2013 at 12:44 pm
Iwe ka Sinjonjo, ulemona kwati tuli fikopo nga iwe abakufilwa ukwishiba rebased kwacha in six months. Even the six months period is too long for the dullest Zamban.
Ba medza
January 7, 2013 at 2:44 pm
Iwe finshi ulelanda just this morning millers have agreed to be selling ubunga @ 47 kwacha. Is that what you call rise in prices? Waba akalitoloshi ka pink!
Village Chicken
January 7, 2013 at 2:53 pm
The old currency had K50pin as highest denom, current one has K100pin equivalent. Banks are disbursing K50 and K100 notes from the K10pin, K20pin and K50pin previously. That in itself is inflationary…
Economist
January 11, 2013 at 3:49 pm
U always speak nonsense