The Chamber of Mines of Zambia happy with governments’ move to save the Kwacha from further depreciation.

The Chamber of Mines of Zambia has welcomed the revocation of Statutory Instrument numbers 33 of 2012 and 55 of 2013.

Chamber of Mines of Zambia president, Emmanuel Mutati says that the chamber is also happy with government’s willingness to continue consultations with the private sector.

He says that this will help to develop a regulatory environment that is supportive of government’s agenda and conducive to increased Foreign Direct Investment.

Mr. Mutati says that the chamber looks forward to working with government to enable the mining sector contribute to increasing employment and economic opportunity in the country.

This is contained in a statement availed to Breeze News.

Yesterday, Minister of Finance Alexander Chikwanda revoked the Statutory Instruments 33 and 55 of 2012 and 2013 respectively in view of the continued rapid depreciation of the Kwacha.

The two regulations were passed to principally support the implementation of monetary policy.

And the announced saw a quick appreciation of the Kwacha from 6.4 Kwacha per United States dollar to 6.1 Kwacha per dollar.

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