By Prof. Lubinda Haabazoka One of the most misunderstood concepts in economics is the relationship between a country’s foreign exchange reserves and the national budget. Every time news emerges that Zambia’s foreign reserves have increased to record levels, some citizens naturally ask: “If the country has billions of dollars in reserves, why isn’t that money […]

By Prof. Lubinda Haabazoka One of the most misunderstood concepts in economics is the relationship between a country’s foreign exchange reserves and the national budget. Every time news emerges that Zambia’s foreign reserves have increased to record levels, some citizens naturally ask: “If the country has billions of dollars in reserves, why isn’t that money […]