Macroeconomic Forecast Zimbabwe

February 2008 | Macroeconomic Forecasts

Anecdotal evidence suggests that the parallel market now accounts for at least 90% of both internal trade and currency transactions. The parallel exchange rate is around ZWD5,000,000/US$, and even the black market is struggling to handle the bundles of local dollars required to execute even a modestly-sized transaction. Because of this, which makes it extremely difficult to escape the attention of corrupt officials, those with hard currency increasingly opt to sell for tangibles in neighbouring countries.

If you would like to subscribe to Southern Africa Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Southern Africa Monitor please click on the trial link below.