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Storm brews over nostro accounts

An adviser to government on the ease-of-doing business, Ashok Chakravarti, called for an investigation into the externalisation of funds, as it had emerged that US$5 billion could have been siphoned out of the country since dollarisation in 2009.

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ZESA Secures 100 Megawatts From Mozambique

Chasi confirmed that he appointed economist Ashok Chakravarti as Chair of the interim ZESA board.

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Advisory team for RBZ

Prosper Ndlovu, Business Editor FINANCE and Economic Development Minister, Professor Mthuli Ncube, has appointed a nine-member Monetary Policy Committee that will render an advisory role to the Reserve Bank of Zimbabwe (RBZ). The move is in keeping with global trends where monetary policy committees assist governments in stabilising the economy through devolved decision making in areas …

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Zimbabwe establishes monetary policy committee in stability bid

The MPC members include Kumbirai Katsande, a former managing director of Nestle SA’s Zimbabwean unit, and Douglas Munatsi, the former chief executive officer of ABC Holdings, which owns lender BancABC. Also included are Eddie Cross, a former opposition politician, and Ashok Chakravarti, an economics professor at the University of Zimbabwe.

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Zim needs 200 bureaux de change-Study

Economist, Professor Ashok Chakravarti says the need to licence more bureaux de change institutions will also create a platform for more foreign currency to be channelled in the formal systems for the benefit of the economy and strategic sectors

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US$ ban piles pressure on employers

The government should channel its entire surplus towards cushioning workers in the face of rising costs and declining incomes, economist Ashok Chakravarti has said.

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Don’t peg prices against USD: Experts

“Ever since we dollarised, everybody has been benchmarking against the US dollars,” said former University of Zimbabwe economics lecturer Professor Ashok Chakravarti.

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Focus on stabilisation of exchange rate: Economist

PROMINENT economist and former Government advisor, Professor Ashok Chakravarti, says efforts should now be redirected at stabilising the exchange rate to protect the value of the Zimbabwean dollar and stimulate production.

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RBZ: Sanctions have not affected Zim banking

Last week an economic advisor to Mnangagwa, Ashok Chakravarti told a conference in the US that he had faced problems wiring money for his child’s school fees studying in that country.

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‘US sanctions cripple business growth in Zimbabwe’ – top economist

THE sanctions imposed on Zimbabwe by the West and its allies continue to frustrate the country’s efforts to achieve meaningful investment due to negative destination perception, prominent economist and former Government advisor, Professor Ashok Chakravarti, has said.

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