Zimbabwe's parallel market a necessary evil - IMF

ZIMBABWE - The International Monetary Fund (IMF) says Zimbabwe's thriving parallel currency market must be tolerated in the absence of concrete government measures to stabilise the local dollar.

The IMF's stance became known as it emerged this week that at least 80 percent of Zimbabwe's hard cash trade is transacted in the unofficial market.

The Fund, which has severed ties with the government over its poor economic policies, has told the Harare authorities that the three-year-old parallel mark