Bank of Zambia Governor Denny Kalyalya says the staff level agreement which Zambia and the International Monetary Fund reached last week over the first instalment of the financial bailout has contributed to the appreciation of the kwacha.
Dr, Kalyalya says the markets saw the agreement as a positive move and that things are moving well economically.
He says as the talks in Washington DC move closer to the signing of a Memorandum of Understanding on debt restructuring, the kwacha is expected to stabilise further.
Dr. Kalyalya said this in Washington DC when he and Finance Minister Situmbeko Musokotwane met Zambians living in the District of Columbia and those from nearby states.
And Dr. Muskogee has encouraged Zambians living in America to invest in Government Bonds as they are the safest way of investing money back home.
The Finance Minister says the Zambian government has never defaulted on government bonds since it started being traded in 1993.
He also promised to follow up with banks on how they can allow Zambians in the diaspora to open accounts which they can use to remit funds.
Earlier, Prisca Vandervestas-Chirwa, a Zambian living in Baltimore, Maryland said she was finding it difficult to send money back home due to the challenge of opening bank accounts in Zambia.
Another Zambian Richard Chibilu, who also lives in Baltimore, Maryland complained of scammers who cheated him on a land deal.
Mr. Chibilu also appealed to the government to help Zambians in the diaspora to access bank loans back home which they can use to invest in real estate and pay back later.
This is contained in a report published by ZNBC.