Trust issues torment Zimdollar

LEADING securities firm FBC Securities says confidence in the local currency remains low due to past experiences of volatility and value loss.

Zimbabwe has, in the past, been plagued by scenarios of a sharply depreciating currency due to high inflation, notably in 2008 and 2019, when savings and incomes were decimated.

Lack of confidence in a currency has been cited as the underlying cause of exchange rate instability, capital flight and unsustainable inflation.

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