Zimbabwe’s government could introduce a new currency in three years, or within a maximum of five years, according to researchers at advisory firm, IH Securities, who also forecast gross domestic product to rise by 3,8% in 2018.
If achieved, the 3,8 percent would be a significant surge from last year’s 1,7 percent and is expected to be underpinned by a rise in foreign direct investment (FDI) inflows to be unlocked through improved policies being rolled out by the country’s pro-business new administration.
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| New Zimbabwe Currency ‘Coming In Three Years’ |
