From Zambian Watchdog

The Zambian Kwacha can now be insured because it is risky to use it, thanks to its instability. But the PF says this is a ‘milestone’, another side effect of having dunderheads and school leavers in key government positions.

Last Friday, the Johannesburg Stock Exchange (JSE) listed the Zambian Kwacha and two other African currencies as way of investors protecting their money if they venture to use the fluctuating Zambian Kwacha.

The listing of the Kwacha, together with the Kenyan Shilling and the Nigerian Naira, was launched at a ceremony held at the JSE in Johannesburg.

Zambia sent deputy High Commissioner to South Africa, Joe Kaunda to go and witness this insult.

Kaunda described the launch as a momentous occasion especially that it was happening barely three weeks before Zambia celebrates her Independence Golden Jubilee.

Read more at Zambian Watchdog