Exchange rate disparities throwing pricing model off balance: CCZ

CONSUMER Council of Zimbabwe (CCZ) says there is need to amplify the monitoring of the pricing model in the country amid the widening gap between the official and informal exchange rates.

In its submissions ahead of the mid-term monetary policy review, CCZ chief executive officer Rosemary Mpofu said the gap could illustrate the lack of confidence in the currency, Zimbabwe Gold (ZiG).

“There is a widening gap between the official exchange rate and the rates being applied in various supermarkets.

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