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We have four newspapers: The Zimbabwe Independent, a business weekly published every Friday, The Standard, a weekly published every Sunday, and Southern and NewsDay, our daily newspapers. Each has an online edition.
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The sanctions were imposed through various instruments, including the Zimbabwe Democracy and Economic Recovery Act (Zidera) enacted by the US Congress in 2001.
Taking into account maize, traditional grains, and wheat, the strategic grain reserve amounts to 434 293 tonnes, excluding the 25 000-tonne donation from Russia to the President.
The Zimbabwe’s new gold-backed currency, ZiG, has not moved on the formal market since its introduction in April and this has resulted in wild cheers by an ignorant populace.
In this light, what then stands as a better devil for the economy between a full-blown dollarisation drive and sticking to a volatile series of local currencies?
These affiliations have made them the preferred banks for exporters, importers, and large corporates, particularly due to their unmatched expertise in processing foreign exchange transactions.
This is because any tax targeted at informal market players will always end as wishful talk, while the formal market players are faced with no option other than compliance.
A larger economic base helps mitigate the downsides associated with wider budget deficits and the need to monetise the funding gap through expensive debt or simply printing currency.