Central bank governor Gideon Gono did not devalue the Zimdollar to boost exports as had been anticipated but even the United States embassy admitted that he had made tremendous strides in the five months that he had been at the helm of the Reserve Bank of Zimbabwe.
The International Monetary Fund said Zimbabwe’s foreign currency auction system was not sustainable because the central bank did not have enough money to meet demand.
Zimbabwe’s top miners complained that they were being squeezed out and were not benefitting at all from central bank governor Gideon Gono’s new measures for exporters.
Confederation of Zimbabwe Industries president Anthony Mandiwanza called for the reopening of tripartite negotiations involving the government, business and labour saying the environment had never been more positive.
The Confederation of Zimbabwe Industries said the central bank should accept no rate lower than Z$5 800 to the greenback at its auctions or relinquish its right to purchase 25 percent of export earnings at the official Z$824.