Industry wants FX control concessions

After nearly three decades of price instability, currency collapse and the erosion of purchasing power, a 4,1 percent annual rate is a significant psychological milestone.

Advertisements INDUSTRY has called for the relaxation of exchange controls by the government, which previously sparked pricing distortions and USD inflation in a bid to save the then-volatile local currency.Advertisements Authorities previously compelled formal businesses to quote a heavily discounted formal exchange rate, resulting in higher USD prices as companies complied. In an update, the…

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