Tuesday, 24 July 2007

Quick Fix for Zimbabwe

Official Stabilization Plan

· Unify official and parallel exchange rates.

· Demonstrate commitment to greater fiscal responsibility.

· Scrap price controls

· Index unit to link non-monetary prices with official daily updates.

· Low new money supply growth.

Quik Fix

· Index unit (USD) to update non-monetary prices daily at the Old Mutual Implied Rate .


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