USD, ZiG inflation disparity a concern

Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — there was also broad consensus among the analysts yesterday that the Reserve Bank of Zimbabwe (RBZ) had largely managed to sustain confidence in its monetary frame­work in its MPS of last week.

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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