The Political Actors Dialogue Forum (POLAD) is holding a Currency Indaba in Harare today.
The Indaba is being attended by business leaders, labour, investors, development partners, consumers, Academia, civil society and diplomats among other invited guests.
Participants have been grouped into three panels which will deliberate on issues affecting macroeconomic stability and come up with recommendations.
Meanwhile, addressing the gathering, Finance Minister Mthuli Ncube said the country’s economic fundamentals are strong adding that the only problem is the arbitrage which the government is dealing with.
Arbitrage refers to the process of buying a currency in one market at a lower rate and immediately selling it in another market at a higher rate. The difference between these two rates is the profit to the participant.
Ncube said the government continues to live within its means, with expenditure having been contained with the resource envelope.
He said revenue collections for the period January to March 2022 amounted to ZE$181.2 billion against a target of ZW169.5 billion.
Residents of Mvurwi were left in shock by a disturbing incident involving a man caught… Read More
The Zimbabwe Republic Police (ZRP) has reported a sad incident which occurred at a house… Read More
The Reserve Bank of Zimbabwe -RBZ- has released the latest prices for the gold coins… Read More
In the world of sports performance enhancement, athletes are constantly seeking new methods to gain… Read More
Zimbabwean beauty queen, Nokutenda Marumba is in the top five at the Miss World Head… Read More