Money Market
Investors seem to have lost appetite for the money market, the short-term nature of the investments.
Most investors, particularly institutional punters have left the money market in the last quarter of 2016 and migrated to equities, in belief that the introduction of bond notes was tantamount to government introducing the Zim dollar through the back door.
The fear of a repeat of the 2008 hyperinflation nightmare recurrence is real, according to some analysts.
“There is uncertainty in the monetary dynamics due to the coming of bond notes … a lot of 2008 symptoms are already there”, said one investment analyst.
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This post was last modified on January 9, 2017 6:31 pm
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