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Government policy destroying the formal economy

Policy missteps and inconsistency has turned the Zimbabwean economy on its head against the formal sector, posing a threat to business continuity, domestic resource mobilization and formal employment. In the last 2 months, the government h…

Published: 16 Dec 2022 at 00:06hrs | 9 | by Victor Bhoroma

Towards a market driven foreign exchange market

The Monetary Policy Committee (MPC) of the central bank made a press statement on the 1st of April to address the depreciation of the local currency and manage the rate of inflation in the economy. The announcements focus on managing specu…

Published: 12 Apr 2022 at 16:46hrs | 13 | by Victor Bhoroma

Pegged exchange rate unsustainable

Zimbabwe's export receipts for the first 9 months of 2021 jumped 38% to US$6.10 billion from US$4.43 billion realized in the same period in 2020. Notable improvements have been realized in international remittances which grew by over 53% a…

Published: 24 Nov 2021 at 10:37hrs | 17 | by Victor Bhoroma

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Search / Fca

Government policy destroying the formal economy

Towards a market driven foreign exchange market

Pegged exchange rate unsustainable

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