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[New Zimbabwe] The Reserve Bank of Zimbabwe (RBZ) last week devalued the Zimbabwe Gold (ZiG) to ZiG24,39 per dollar from ZiG13,99 as monetary authorities gave in to market forces and dumped the fixed command exchange rate. Whilst the measure might bring temporary respite to the currency it comes short of bringing sanity to the currency market as it seems reactionary rather than proactive. Authorities should lead the market not follow it in terms of policy measures. When the ZiG was introduced there was great hope as the
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