Although the stabilization of the Kwacha has been welcomed in many sectors, vendors at Mukuni Curio Market and local tour operators say the situation has created challenges for their businesses.
The traders say that while more tourists are visiting and spending at the market, the increased number of customers has not necessarily resulted in higher profits.
Speaking on behalf of other traders, curio trader Mainza Mungaila said that when the Kwacha was depreciating, traders benefited because their goods fetched higher value in dollar terms.
Mungaila explained that the strengthening of the Kwacha against the dollar has had a direct impact on tour operators, who mainly price their services in US dollars to attract international clients.
He said that when the Kwacha is strong, the money earned in dollars converts to less local currency, making it more difficult for businesses to meet operational costs.
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