EXPERTS are concerned about plans by authorities to maintain, and possibly to increase, the portion of foreign currency earnings that exporters must relinquish. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts warned this week that such a move could have the…
USD rule will harm economy, government told
While there might be some immediate benefits like forex availability for critical imports, the weaknesses, such as creating parallel market incentives and dampening export growth, are concerning.