US dollar is here to stay, government informed

Zimbabwe needs to continue growing its foreign currency reserves to stabilise its volatile local currency and relieve pressure on foreign currency demand.

THE country’s quest to de-dollarise faces many hurdles due to continuing policy inconsistencies and the absence of fundamental economic reforms, experts warn.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said this week that an effective de-dollarisation roadmap required a carefully planned…

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