RBZ's Gono warns on parallel market forces

Reserve Bank of Zimbabwe governor Dr Gideon Gono warned Thursday 22 March of the existence of "stronger forces" on the parallel market that are fuelling the slide of the Zimbabwe dollar against major currencies.

"What economic justification is there for us as a nation to propel ourselves down the cliff through wild parallel market exchange rates that are over 10 times higher than what is rationally justified from economic fundamentals like inflation differentials?

"Even if today the central bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account