de-dollarisation

Zimbabwe's looming alliance with BRICS, a grouping of the world economies of Brazil, Russia, India, China, and South Africa, is likely to lead the country towards de-dollarisation, something that would be a disaster according to former…
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Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya, insists there is no going back on the process of de-dollarising the economy despite the growing use of the US dollar in most transactions, more so in the informal sector.
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The coming in of more fuel service stations licensed to sell in foreign currency will not jeopardise the de-dollarisation process, but will increase options for motorists and help bring more forex from the free funds category into the…
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