Categories: Zim Latest

Black market rates, a true reflection of economy- Temba Mliswa

Norton independent Member of Parliament Temba Mliswa says the black market rates provide a true picture of the country’s economy.

“Black market rates often provide a more accurate reflection of a country’s economic circumstances than official exchange rates, therefore we need to focus on the factors that provide opportunities for the existence of the black market,” he says.

He adds that threats and heavy handedness against illegal forex dealers won’t work.

Mliswa urged the authorities to get the fundamentals right instead of going after the dealers.

“You cannot constantly threaten people about how to spend their money.

“It’s futile. Deal with the macro factors that anull any need for such informal contrivances,” he says.

Zwnews

Share

Recent Posts

Nigerian Football Fans: The Most Passionate Supporters in Africa

In the vibrant tapestry of African football, one nation stands out for its fervent and… Read More

22nd February 2024

YADAH FC Secures Khama Billiat’s Signing, NO Dynamos Deal

YADAH FC is poised to introduce former Zimbabwean international, Khama Billiat, with an unveiling event… Read More

21st February 2024

Alleged Vehicle Smuggling Ring Involving State Agencies Uncovered in Zimbabwean Court Case

A recent court case has brought to light a covert operation involving the smuggling of… Read More

21st February 2024

Tiktok star Bobbi Athoff trending over alleged video leaks

Alleged Bobbi Athoff Leaks Circulate Online, Fans Suspect AI Bobbi has not yet responded to… Read More

21st February 2024

Woman Arrested for Posting Images of Child Shaving Nude Women on Social Media

The woman accused of posting her child waxing nude women on social media has been… Read More

21st February 2024

Khama Billiat’s Potential Move to Yadah FC Sparks Speculation in Zim Domestic Football…VIDEO

Yadah FC officials welcome Khama Billiat at Harare Airport Former Zimbabwe Warriors star Khama Billiat… Read More

21st February 2024