AT what point in her tenure as Zimbabwe National Chamber of Commerce president did Marah Hativagone realise that the country is "awash" with foreign currency? This week she jumped to fight in the Air Zimbabwe corner, defending the national airline's quest to charge fares in foreign currency. She told a parliamentary portfolio committee that Air Zimbabwe should be granted the right to sell tickets in forex because "right now, foreign currency is awash in the country but it is being suppressed. This is the same business leader who only three months ago — and many instances before that — was telling business that there is no foreign currency in the country. It is therefore egregious for Hativagone and the bigwigs at Air Zimbabwe to try and prescribe sectoral dollarisation on the basis of foreign currency outside the formal economy. read more
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