Woes All activities in Zambia halted as president declares day of prayer to stop currency collapse

The country is holding a day of prayer and fasting on Sunday, October 18, 2015.

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Zambia's currency, the kwacha play

Zambia's currency, the kwacha

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The Zambian government has ordered for all activities to be postponed as the country seeks divine help over its currency collapse and dire economic woes.

The country is holding a day of prayer and fasting on Sunday, October 18, 2015.

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The Zambian Football Association has subsequently postponed all games on Sunday. The government announced that bars should not open until 6:00 pm.

Zambia’s currency, the kwacha, has fallen below the dollar by 45% since the start of the year. This was due to a drop in the price of copper which is the country's main export.

Zambia’s currency, the kwacha, has fallen below the dollar by 45% since the start of the year. play

Zambia’s currency, the kwacha, has fallen below the dollar by 45% since the start of the year.

 

The woes are deepened with power shortages and high cost of food prices.

Reports suggest that Christians will gather at the Heroes Stadium in Lusaka, the capital of Zambia and seek God’s favour to redeem the image of the currency.

"God is a God of miracles and if we ask him, he will bless us and the kwacha shall be restored to its former strength and the prices of goods shall again go down. Let's pray to God to have mercy on us. God has done that before and he can do it again,” Bishop Simon Chihana, president of the International Fellowship of Christian Churches in Zambia, told AFP.

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In September, cross border traders at the popular Comesa market in Lusaka complained of loss of business following the rapid devaluation of the local currency.

According to the traders, the rate at which the currency was devaluating made it difficult for them to plan.

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