U.S. dollar usage surge draws concern in Zimbabwe as local dollar slides
STORY: U.S. dollar usage surge draws concern in Zimbabwe as local dollar slides
DATELINE: Feb. 25, 2023
LENGTH: 0:01:54
LOCATION: Harare
CATEGORY: ECONOMY
SHOTLIST:
1. various of Zimbabwe
2. SOUNDBITE 1 (English): PROSPER CHITAMBARA, Economist
3. SOUNDBITE 2 (English): CHRISTOPHER MUGAGA, Economist
4. SOUNDBITE 3 (English): DENFORD MUTASHU, President of the Confederation of Zimbabwe Retailers
STORYLINE:
Despite not being officially dollarized, the Zimbabwean economy has largely accepted the U.S. dollar as the medium of trade.
Economists warn that the increased use of the greenback has brought challenges to the local economy.
SOUNDBITE 1 (English): PROSPER CHITAMBARA, Economist
"So when you are dollarized, the government is not able to fully influence macroeconomic aggregates through the monetary policy or even through the fiscal policy, so using the local currency allows us enough degrees of freedom to be able to influence macroeconomic objectives and aggregates and developments within the economy."
SOU
- Product Code
- ILEA001244008
- Registered date
- 2023/2/25 00:00:00
- Credit
- Xinhua / Kyodo News Images
- Media source
- Xinhua News Agency.All Rights Reserved
- Media size
- 1920 × 1080 pixel
- Deployment size
- 72.62(MB)*
*File size when opened in Photoshop, etc.