USD, ZiG inflation disparity a concern

The RBZ said export earnings dominated the foreign currency receipt basket, accounting for an average of 71 percent of total inflows.

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)…

Subscribe to read full article. Subscribe today

Related posts

Gold reserves hit 4,48 tonnes 

Zinara disburses ZiG2 billion for roads

Fix social insurance — experts urge government

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More