Economy edges towards full dollarisation

THE economy is edging closer to full dollarisation amid reports that the informal sector is rejecting the dual pricing regime, exclusively selling in the United States dollar.

Latest figures released by the Zimbabwe National Statistics Agency (ZimStat) yesterday, showed that 83% of transactions on key food purchases at national level were done in United States dollars.

“Data on currency of transaction for key food items such as maize meal, cooking oil, rice, beef and bread were also collected.

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