Rajshekhar Ray, the head of the Indian delegation at the CBZ International SME Indaba held in Bulawayo suggested that Barter trade could be used as a workaround to the shortage of foreign currency. Said Ray,
One of the solutions is, for example, we are trying to work on a barter system. A barter … meaning if I provide you machinery over here, let’s say I supply over a $1 million machinery, instead of taking cash I may take out something from Zimbabwe that is required in my country that Zimbabwe is producing in abundance, at a very competitive price.
So that is how one of the ways we can eliminate the foreign exchange crisis because it’s simple $1 million of machinery, so the Zimbabwean company is able to generate more money using that machinery.
I came here as a 10 year-old, the first time I landed in Zimbabwe it was just after independence, so it’s just sometimes destiny has different things for different nations but it’s about leadership at the end of the day.
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