Zimbabwe dollar might be reintroduced earlier

A leading Zimbabwean economic analyst Tony Hawkins says the government might be forced to reintroduce the Zimbabwe dollar much earlier because of the tightening liquidity in the economy. Reports today quoted Hawkins as saying: “I suspect – perhaps fear – that the government will opt for some dual currency option. Given the IMF forecast of a sluggish global economy and the third successive year of decline in non-fuel commodity prices, Zimbabwe can expect little in terms of an external stimulus to growth. This means growth must be domestically-driven in an economy where the government budget is under enormous pressure and there is no scope for a fiscal stimulus.”

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