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RTGS$ weakens 16% in first month

Economist Ashok Chakravarti said every new market takes time to settle in order to be fully functional, which is why the market was performing the way it was. But he called on the market to be free of controls that were determined by traders.

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How a ‘giant Ponzi scheme’ destroyed Zimbabwe’s economy

“It was a Ponzi scheme in the past,” said Ashok Chakravarti, an economist and lecturer at the University of Zimbabwe. “Especially in the Gono era, where that chap just kept printing money.” Gono didn’t answer a call to a mobile phone number he has used in the past.

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Prof Chakravarti on inter-bank Forex exchange market

Prof Chakravarti unpacks the operations of the inter-bank Forex exchange market

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Tendai Biti and Ashok Chakravarti On Monetary Policy [FULL PODCAST]

On this edition of The Platform former Finance Minister Tendai Biti and Economist Ashok Chakravarti join Larry Kwirirayi in studio for their no-holds-barred reaction to the Reserve Bank of Zimbabwe Monetary Policy Statement

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New policy to kill forex black market

Economic consultant and University of Zimbabwe lecturer Professor Ashok Chakravarti said; “This is an extremely important development, which was essential in ensuring that the Transitional Stabilisation Programme can be achieved because on the fiscal side

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Mthuli Ncube Is Driving Economy In The Right Direction: Prof Chakravarti

Economist Ashok Chakravarti has said that for the first time in a long time, he feels Finance Minister Mthuli Ncube is leading Zimbabwe’s economy in the right direction as Zimbabwe has had an economic mess for 20 years.

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‘Govt wage bill to balloon three-fold’

Economist Ashok Chakravarti said the workers’ request for better working conditions was reasonable. “I am confident there are ways of raising additional revenues without increasing taxation, but it has to be part of a comprehensive reform package.”

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Non-taxable income bracket needs review

Respected economist Ashok Chakravarti has repeatedly said that dollarisation is not a viable long-term solution to the issue of currency because Zimbabwe does not have “a good source of US dollars”.

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‘Economy has potential to recover’

Tangible economic turnaround would be witnessed this year if Government remains steadfast in dealing with the twin terrors of fiscal deficit and the failure to implement proper foreign currency management systems. This was said by prominent academic Professor Ashok Chakravarti in an interview yesterday.

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Currency options for crisis-ridden Zimbabwe

Zimbabwe needs to introduce a hybrid foreign currency management system or create a long maturity US$ Brady type bond to preserve savings amid the currency chaos, renowned economist Ashok Chakravarti has advised.

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