‘1:1 exchange rate is a fallacy’

AS THE deepening foreign currency crisis ― coupled with the perception that there is no respect for the rule of law ― has amplified Zimbabwe’s country risk, calls for the monetary authorities to liberalise the forex market have become louder. The Financial Gazette’s Online Editor Paul Nyakazeya (PN) interviewed former Reserve Bank of Zimbabwe (RBZ) board member and Oxlink Capital chief executive Brains Muchemwa (BM) for his views on the crisis. Below are excerpts of the interview.

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