USD, ZiG inflation disparity a concern

According to the latest Treasury bulletin, the surplus was achieved after cumulative revenue collections for the period between January and March reached ZiG64,8 billion, ex­ceeding expenditures of ZiG57,4 billion incurred during the period under review.

THE relatively stable US dollar inflation trend against rising ZiG prices poses potential threats to the government’s de-dollarisation agenda under a local currency-backed mono-currency system, industry has warned.The slower inflation rate in USD terms could suggest the domestic market’s preference of the greenback over the local currency.Latest figures from the Zimbabwe National Statistics Agency (Zimstat)…

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