22 APRIL 2022
URGENT ENGAGEMENT PAPER ON THE DETERIORATING CURRENCY SITUATION
INTRODUCTION
CZI is committed to working with the Government to resolve the economic ills afflicting the nation such as inflation and economic instability.
In the past 12 months, the government has made significant progress toward managing inflation and bringing price stability from the peak period of July 2020 when annual inflation reached 838%.
The government has also made commendable progress in infrastructure investment in the last 12 months with notable funding for dam construction and road infrastructure standing out.
However, inflationary pressures and currency instability have persisted to the detriment of economic progress.
Over the years CZI’s advice has been premised on the economic principle that there is no known example in economic history that has been able to simultaneously control
Getting the price of foreign currency right is a fundamental matter of Zimbabwe’s economic development interest.
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This post was last modified on April 26, 2022 4:41 pm
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