FINANCE minister Mthuli has conceded that Zimbabwe’s adoption of a blended consumer price index (CPI) has created accounting difficulties, but insists that it is the most appropriate benchmark.
It comes as business has also warned that the country’s change from a ZWL CPI threatens to damage confidence in the domestic currency and contradicts Harare’s professed commitment to de-dollarisation.
“On the issue of financial reporting, yes, we are aware of the exchange rate disparities, but we have made it clear that in terms of inflation accounting, we are really using the weighted average inflation, which is weighted by the level of transaction in US dollars versus Zimbabwe dollars,” Ncube told The Financial Gazette in a recent int
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