Zimbabwe's competitiveness has dropped by 50%, says Mthuli Ncube

Bulawayo (Zimbabwe)

Professor Mthuli Ncube told an IMF meeting in Harare that Zimbabwe's competitiveness has dropped by 50% due to the US dollar, which was adopted in 2009 following a hyperinflation period. He said:

"Currency competitiveness is a key factor in any economy hence Zimbabwe has lost 50% in terms of competitiveness due to the use of the US dollar".