EXPERTS say there is a need for the Reserve Bank of Zimbabwe to start buying US dollars off the market to restore equilibrium in the economy.
It comes as the country is currently experiencing a Zimdollar liquidity squeeze, which is expected to continue for a while as the authorities strive to further stabilise the local currency.
Speaking during an executive dialogue on currency issues that was hosted by The Financial Gazette on Tuesday, economic analyst Eddie Cross highlighted the need for the Reserve Bank of Zimbabwe (RBZ) to buy back US$ of the market to build the country’s reserves.
Advertisements
Eddie Cross Cross is a former member of Parliament and a member of the RBZ’s Monetary Policy Committee.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased