Zimdollar faces fragile stability: Report
BY SHAME MAKOSHORI
ZIMBABWE’s currency will maintain a “fragile stability” this year, continuing from the volatilities that haunted the domestic unit even after the introduction of the foreign currency auction system in June, according to a report by Inter Horizon Securities (IH).
In a report titled Zimbabwe 2021 Equity Strategy, IH projected that there will be improved production and output this year, which will help the currency stand its ground.
“We observed a fragile stability in 2H20 (second half of 2020) in the local currency, in the absence of any drastic changes in fiscal and monetary policies, we believe the same fragile stability can be maintained in 2021,” said IH.