IMF raises concern about Zambia's plan to end USD use, fearing it may not reduce inflation.

IMF voices concern over Zambia's plan to end US dollar use in economy, fearing it may not reduce inflation as intended. Zambia's central bank proposed measures to curb dollarization, but local businesses criticize them as "punitive" and warn they could worsen price growth. The IMF's view adds complexity to the debate around managing inflation and stabilizing Zambia's economy.

July 21, 2024
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