SI 127 set new regulations and penalties on the use of forex in the countryCZI believes that the new regulations are counterproductive to the gains made in achieving macroeconomic stability thus farAnalysts equate new measures to 2007/08 price controls
Harare - The confederation...
Businesses refusing payments in local currency to be fined ZW$50,000Discounts for foreign currency transactions now illegalCommand economics is detrimental to economic stability
Harare – The Zimbabwean government has recently published statutory instrument 127 of 2021 (SI 2021-127) detailing civil penalties for all economic...
MoM inflation was 2.54 percent up from April’s rate of 1.58%YoY inflation stood at 161.91 percentLack of confidence in the local currency threatening price stabilityCentral Bank officials confident that inflation will close the year in a healthy territory
Harare – Monthly inflation accelerated...
HARARE – Retailers are facing a myriad of challenges that have periodically continued to threaten business viability. The Zimbabwean economy has generally been depressed for several years now and the advent of COVID-19 worsened the situation as government responded by imposing lockdown measures that saw businesses...
Lower inflation propels economic growthGradually increasing fiscal spending, a risk to exchange rate and price stabilityFor stability, RBZ should engage in aggressive market liquidity management
Zimbabwe is one of the few countries worldwide battling too high inflation. Though the monthly outturn is hovering...
