Sunday, February 19, 2012

OF OUR MONEY AND DEVALUATION

The President as head of state and government,has an obligation to defend and protect the life of his citizens and make the life style of his people comfortable.He is supposed to fight all odds that might bring hardships to the citizenry.As a layman in economics or unless otherwise advised,i feel the step,path and point our head of state has taken in rejecting devaluation of the Kwacha at this particular moment, is the right approach.I agree that if our money is devalued,there will be more suffering to a common man in the village let alone in our cities.Prices of commodities will go up in the shortest period of time.(..........to be continued)