Almot Maqolo, Staff Writer 
TREASURY says it expects the Zimbabwe dollar to quickly recover from recent shocks, which have seen it losing ground against the US dollar on both the official and parallel market.
The southern African nation has instituted a number of policies to control inflation and stabilise the currency, including the introduction of gold coins and an increase in the bank policy rate from 80 percent in April 2022 to 200 percent.
However, the gap between the official and black-market exchange rates continues to widen, exerting pressure on margins.
Finance ministry chief director of communications, Clive Mphambela, rubbished claims that the recent shocks in the market were caused by government contractors that were buying the greenback from the parallel market following recent payments by the Treasury.
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