Top government adviser, Ashok Chakravarti, told legislators during a post-budget seminar at a Harare hotel on Monday that it was impossible for the ministry of Finance alone to monitor 22 ministries and 114 parastatals, urging Parliament to exercise its oversight role.
ECONOMISTS yesterday expressed divergent views over adoption of the South African rand and re-introduction of the local currency, with top government economic analyst Ashok Chakravarti telling MPs that Zimbabwe needs to either adopt the rand or re-introduce the Zimbabwean dollar to solve the foreign currency and cash crisis.
ECONOMIST and University of Zimbabwe lecturer Professor Ashok Chakravarti has challenged the finance ministry to consider the introduction of a new local currency backed by a diaspora bond.
Ashok Chakravarti has said that Zimbabwe’s economy will not recede back to the hyperinflation era.
Government adviser and economist Ashok Chakravarti has said the economy is not receding back to the hyperinflation era, as there are better policies in place than in 2008.
Professor Ashok Chakravarti in an interview with Talent Chademana says that Zimbabwe has already de-dollarised and that we should adopt the Rand.
Zimbabwe Independent reporter Hazel Ndebele interviewed senior development economist and Ease of Doing Business Advisor in the Office of the President and Cabinet, Ashok Chakravarti, to discuss the challenges besetting the economy among other factors.
Govt should adopt bond notes as the official local currency, and not as a surrogate says Prof. Chakravarti
University of Zimbabwe economics professor and government’s top advisor on Ease of Doing Business reforms, Professor Ashok Chakravarti, has urged the government to officially use the bond note as the local currency instead of pegging it at 1:1 with the United States Dollar.
Professor Ashok Chakravarti coaching the TWG on mining ease of doing business. There are two team leaders, Isaac Kwesu, Chamber of Mines of Zimbabwe CEO and Minerals Marketing Corporation of Zimbabwe’ general Manager, Masimba Chandavengerwa.
Government advisor says dollarisation is a dead end, Bond notes to be a fully fledged currency by Dec
GOVERNMENT advisor and University of Zimbabwe lecturer, Ashok Chakravarti, says the liquidity crunch will continue as long as the US dollar remains in circulation.