Zim dollar ‘is imploding again and it’s the government’s fault’

Industry chamber blames authorities for currency instability, central bank to address parallel-market volatility

12 October 2021 - 20:57 By Godfrey Marawanyika and Ray Ndlovu

Zimbabwe’s currency faces collapse unless the authorities implement policy measures needed to support it, the country’s main business lobby group said.

Instability in the foreign-exchange market is being driven by an unrelenting increase in money supply, increasing imports and long delays in settlement at the central bank’s weekly currency auction, the Chamber of Zimbabwe Industries said in a statement. ..

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