Prior to the official adoption of the multi-currency system in January 2009, the economy was characterized by hyperinflation, high & unsustainable budget deficit; a growing balance of payments deficit; dwindling foreign currency reserves, acute foreign exchange shortages, low capacity utilisation; financial disintermediation and shortages of the local currency (Zimbabwe dollars Z$ cash).
Publications
The purpose of this paper is to revisit the issue of Zimbabwe’s optimum future currency regime choice in the light of experience in the Zimbabwe economy and developments in Southern African Development Community (SADC) with regard to regional integration, as well as general global experiences with regard to currency regimes.
This paper seek to investigate the extent to which Zimbabwe’s agriculture sector, has a financing gap and to find ways and strategies that can be adopted by Government, banks and the donor community to close the gap. The paper notes that there indeed exists a financing gap in the country’s agriculture sector, especially after the Fast Track Land Reform Programme due to land ownership challenges that emerged in the country’s land market.