US dollar is here to stay, government informed

Across life assurance, fu­neral assurance and short-term insurance, the US dollar has be­come the preferred currency for premiums, commissions and risk cover, making insurance one of the country's most dolla­rised industries.

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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