The Zimbabwe dollar averaged 81.79 against the greenback at the last auction on 21 December but there have been fears in business that the country is slowly dollarising and this could put pressure on the local currency.
The main concern is the fuel industry which has totally dollarised forcing motorists to look for money on the black market.
The rates, however, have remained stable because of shortage of cash especially on the mobile money platforms because of restrictions imposed by the central bank last year.
The recent decisions by the central bank’s monetary policy committee have also doused the flames.
The monetary policy committee, which met on 7 January, decided on measures to refine and enhance the sustainability of the Foreign Exchange Auction System.
It decided:
It also made the following resolutions in order to enhance the role of bureaux de change in the foreign exchange market:
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