Zimbabwe has only US$300 million in circulation, govt advisor urges rand adoption

Ashok Chakravarti, who also advises the Office of the President and Cabinet on improving the ease of doing business, told a Confederation of Zimbabwe Industries (CZI) symposium on Thursday that hard cash in circulation inclusive of bond notes and US dollars was five percent of total bank deposits which has contributed to the country’s liquidity crisis.

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FDI leper Zimbabwe misses out on regional economic boom, IMF report shows

University of Zimbabwe economics lecturer Ashok Chakravarti said the projected underperformance of South Africa, Zimbabwe’s main trading partner will affect exports.

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Zim must adopt South African Rand – experts

University of Zimbabwe Professor Ashok Chakravarti and World Bank Zimbabwe’s Crispen Mawadza said besides improving the macro-economic and fiscal environment, adoption of the Rand would benefit the stagnant economy, in a paper titled “Liquidity challenges in Zimbabwe: Turmoil and Tenacity.”

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