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Bank of Zambia deputy governor Austin Mwape says the recent
B sovereign rating and the lower middle income status attained by Zambia are an
indication that the country’s economy is performing well.
Dr. Mwape says the B rating and reclassification as a lower middle income country therefore requires the central bank and government to continue enhancing the financial system to ensure that it is robust and reaches the unbanked resources.
The deputy governor also notes that the central bank is committed to reducing cash circulating in the economy in order to maintain low inflation rates.
Dr.Mwape was speaking when he officiated at the Airtel money product launch in Lusaka.
Dr. Mwape says the B rating and reclassification as a lower middle income country therefore requires the central bank and government to continue enhancing the financial system to ensure that it is robust and reaches the unbanked resources.
The deputy governor also notes that the central bank is committed to reducing cash circulating in the economy in order to maintain low inflation rates.
Dr.Mwape was speaking when he officiated at the Airtel money product launch in Lusaka.
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