‘Ditching US dollar demands certainty’

14

THE lack of clarity around the government’s de-dollarisation roadmap risks damaging confidence in the Zimbabwe dollar when the local unit is adopted as the country’s sole trading currency, experts have warned.

Speaking to The Financial Gazette this week, the experts also said a return to the exclusive local use of the under pressure Zim dollar needed to be accompanied by all necessary economic fundamentals to avert market chaos.
The president of the Zimbabwe National Chamber of Commerce (ZNCC), Mike Kamungeremu, was among those who said while business fully supported dedollarisation, a clear currency roadmap was important for both planning and stability.