‘Ramp up Z$ use to reawaken economy’

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EXPERTS have urged authorities to expedite their de-dollarisation push and efforts to build confidence in the local currency, to curb rising inflation and prices — and also boost the country’s economy.

Speaking to The Financial Gazette this week, business leaders and analysts described the country’s short to medium term economic outlook as “worrying”, noting further that both commerce and industry were hurting as a result of the growing market uncertainties.
Among the major concerns was the widening gap between the formal and parallel foreign currency rates, which the experts said was exerting immense pressure on businesses.