Chief Executive Officers under the banner of CEO Africa Roundtable revealed that the move by the Reserve Bank of Zimbabwe through its Financial Intelligence Unit (FIU) to prosecute illegal forex traders posting foreign currency exchange rates on social media platforms will not lead to the desired output saying the money changers will create other avenues to continue their trade.
Speaking to Great Dyke TV during the weekly series of the State of the Economy, the CEO Africa Roundtable Chief Executive Officer Kipson Gundani said there is a need to support the productive sector to ensure the provision of goods and services among other measures.
He added that there is need to contain money supply growth, to arrest the scrounge of corruption, and also to ensure that there are no distortions in the market by doing away the unnecessary subsidies so as to arrest the form of situation that the country is facing.
Below is the video.
