What is the rationale of the country’s currency exchange regime? A bicycle economy centred on the vendors as its ‘engine of growth’? Evidence is so obvious that the freely floating MK has been more detrimental than helpful to the economy. Oddly enough, no economist has advised government to adopt a fixed exchange regime. China has a fixed exchange regime for a reason. Do our economists understand economics??? I have doubts; but that’s me. All MSE listed companies have reported heavy losses for FY2015, citing the nearly 50% loss in the MK value. So, who benefits from our currency losses? DONORS/CREDITORS;… Read more »