INDUSTRY leaders are intensifying their push for the establishment of a currency board, as Zimbabwe continues to grapple with exchange rate distortions that are destabilising the economy.
Last Friday, the Reserve Bank of Zimbabwe (RBZ) devalued the recently introduced gold-backed currency by more than 40 percent against the US dollar.
The move came in response to mounting pressure from the parallel market, where rates had surged.
This devaluation has reignited calls for authorities to liberalise the foreign exchange market and strengthen the local currency.