RBZ runs overprinting risk

Zimbabweans must undertake fiscal consolidation measures to boost the country's dwindling revenues amid indications the central bank may in future b forced to monetise fiscal deficit, a south African based think tank.

Monetised deficit company NKC African Economies , pointed out that in the wake of the underperformance in fiscal revenue, government urgently needed to craft consolidation mechanisms.

The expert said Zimbabwe's economy-marred by a plethora of challenges which have resulted in company closures and retrenchments weighing on fiscal revenue and hence limiting the fiscal space –could see the central bank forced to overprint the country's new surrogate currency, the bonds notes.