While Finance Minister Tendai Biti recently said that the Zimbabwean dollar may make a re-entry in 2015, some sections of the coalition government are keen for it to happen sooner.
However, in its contribution to the mid-term budget, CZI said that the government needed to go a step further and issue a Statutory instrument which demonetises the Zimbabwean dollar.
"The multicurrency system brought about the much needed stability in the economy and needs to be maintained," said CZI.
CZI also urged the government to accelerate the privatisation of parastatals.
"Talk of privatisation has gone on for several years with no tangible results. There is need for government to prioritise parastatals, and ZESA should be at the top. Alternatively, ZESA should free up licensing to allow private players to actively pursue incentives.”
Post published in: News