THE Confederation of Zimbabwe Industries (CZI) has urged the government to be wary of inadvertently forcing full dollarisation through its tight squeeze on Zimdollar liquidity.The local currency’s accelerated depreciation in the first half of 2023 prompted strong measures from the government that included a tight monetary policy.
“Although the measures managed to enhance stability, the economy has become more dollarised due to the liquidity squeeze on the Zimdollar,” CZI said in a recent note.
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Kurai Matsheza, CZI president
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