Economic Analyst Yusuf Dodia has challenged government to update the nation, on the progress of the Exports proceeds tracking framework that was implemented early this year.
The export proceeds tracking framework compels all exporters to deposit their export earnings within 90 days of export in banks domiciled in Zambia.
Speaking when he featured on Christian Voice’s Chatback program in Lusaka today, Mr. Dodia said that preliminary finding indicate that the framework is not delivering, as seen from the continued poor performance of the kwacha to other major convertible currencies.
“The kwacha would have been stronger if the framework was successfully implemented”, said Mr. Dodia.
He has reminded government that failure to implement the framework will have a negative impact on the performance of the kwacha.
By Angel Kasabo
