RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya expects both parallel market foreign currency rates and inflation to continue declining markedly in the coming weeks and months.
This comes after authorities recently introduced a battery of new fiscal and monetary policies — including the introduction of gold coins as an alternative store of value and to mop up excess liquidity in the market — which have stabilised the Zimbabwe dollar and put the brakes on month-on-month inflation.
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Reserve Bank of Zimbabwe governor, John Mangudya
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