The Idea That The Economy Is De-Dollarising Is Extreme Fiction - Morgan & Co

A local securities company Morgan & Co has scoffed at the RBZ’s drive to de-dollarise the economy and said the idea that the economy was de-dollarising as pawned by they RBZ Chief John Mangudya and the treasury boss Mthuli Ncube was pure fiction, The Standard reports.

A review by Morgan & Co reads:

We are perplexed by the fact the monetary authorities in Zimbabwe exhibit a lack of touch and appreciation of developments within the broader monetary system. The idea that the economy is de-dollarising is extreme fiction.

Our concern is that those that follow economic policy developments in Zimbabwe will have to separate fiction from reality so as to make sound investment decisions.

On the contrary, the economy has re-dollarised as businesses are openly seen selling their goods in Forex despite Mthule Ncube saying treasury will enforce compliance when it comes to charging in forex.

More: The Standard