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*Brace Up For More Price Hikes - Experts* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?id Prices of goods and services in Zimbabwe are set to go up in the coming weeks as the economy continues to rot according to experts, the Daily News reports. The situation has been exacerbated by the plummeting of the ZWL against the USD this week. This was echoed by business leaders and experts who spoke to the publication and said: ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > This is going to push price hikes, as that is what inflation is all about. The government should deal with the black market activity and also ensure that all imports are paid for at the interbank rate to stabilise the situation – Economist John Robertson > We are facing exchange rate-induced inflation. It will not take us much more time to be in a situation similar to 2008. As a result, the economy is, unsurprisingly, re-dollarising on its own … and the market will continue to reject the Zimbabwe dollar as a medium of exchange – Economist Gift Mugano > The loss of value is going to continue until we reach the 2008 hyper-inflation madness, unless something happens. Nothing other than re-dollarisation or the adoption of the South African rand is going to result in currency stabilisation, as a currency is all about confidence and trust. – Peter Mutasa ZCTU The Zimbabwe Dollar was introduced on 24 June 2019 trading at 6.5 against the USD but closed the year trading at 16.5 against the USD. More: Daily News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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