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Price Spikes Put Zimbabwe Currency at Risk, Business Lobby Says – Bloomberg

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The Zimbabwean dollar is the worst performing currency in Africa and has lost more than two thirds of its value against the US dollar this year.
Photographer: Jekesai Njikizana/AFP/Getty Images

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Zimbabwe’s local currency is at “risk” of being shunned if runaway inflation isn’t quelled, the country’s largest business group said.
Policy interventions implemented by authorities over the last six months to protect the local currency and rein in inflation, such as a temporary ban on bank lending and imposing an interbank exchange rate have so far failed, the Confederation of Zimbabwe Industries, said. 


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