ECONOMIST Professor Lubinda Haabazoka says a stable kwacha and low inflation are critical and cannot be separated from the cost of living. Professor Haabazoka has also expressed disappointment at public debates trivialising Zambia’s foreign reserves and low inflation. In an interview, Monday, Prof Haabazoka said debates on foreign reserves show low levels of financial literacy in Zambia. “So I’ve been watching these debates brewing in Zambia about the reserves and I can tell you that I’m a bit disappointed. One, as to the financial literacy in the country, two as to how much people can start trivialising the importance of having a strong currency. Imagine if you are thinking of buying an iPhone for $1000 last year, you were going…
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