THE Confederation of Zimbabwe Industries (CZI) is worried about the growing difference between the official and parallel market exchange rates for the ZiG currency.
According to some estimates, the premium went up from 25 percent in March to 28 percent in April. Since its introduction last April, the ZiG has had a rough ride, losing value against the US dollar, falling from around 14 to nearly 35.
This drop in value has pushed up the cost of goods and services and disrupted several supply chains. This is making investors more concerned about how stable the currency is and the wider outlook for the economy