Home Business Zim Currency Suffers Lack Of Confidence And Trust From Consumers’ Economists Say

Zim Currency Suffers Lack Of Confidence And Trust From Consumers’ Economists Say

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Economists say the Zimbabwean Currency suffers a lack of confidence and trust from consumers hence the need for proper strategies to enhance its value.

Speaking to Great Dyke news, Economist Reginald Shoko said there is a need for proper market rates in the country.

In a separate interview with the Great Dyke news, the Zimbabwe National Chamber of Commerce ZNCC Midlands Chairman, Michael Phiri had this to say.

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Finance minister Mthuli Ncube recently said Zimbabwe would use more than half of the $961 million allocated by IMF in the form of special drawing rights to support the beleaguered currency.

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