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Home » ‘ZWL payments clampdown accelerates dollarisation’

‘ZWL payments clampdown accelerates dollarisation’

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FISCAL authorities’ clampdown on ZWL payments in the third quarter is unintentionally fast-tracking dollarisation, a local investment and research firm has said. The tight stance on payment of government service providers and the mopping up of ZWL$9 billion from the economy through gold coins starved the market of liquidity and helped reduce money supply growth.…

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