IMARA Asset Management (Zimbabwe) Limited (Imara), says the dual currency system will help the economy recoup faster compared to when the Zimbabwean dollar was adopted as a sole currency of trade.
A number of entities have recently adopted a dual pricing model nearly a year after President Emmerson Mnangagwa gazetted Statutory Instrument 85/20, which allows citizens and businesses to charge for goods and services using the United States dollar (US$) alongside the local currency.
“The fact that we have returned to a dual currency system should help the economy to recover more quickly than under the Zim$ alone as we witnessed in 2020,” Imara chief executive John Legat, said in a recent quarterly report on Zimbabwe Investment
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.