Economy / Zimbabwe
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A Disingenuous Reform
May 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The official exchange rate has been floated and has subsequently converged with the parallel market price. While a welcome move, allied measures put further pressure on banks and exporters, and in our view the reforms are mainly geared towards garnishing the maximum possible share of FX inflows for the state at the expense of the private sector.