Confidence deficit drives exchange rate

LIVINGSTONE MARUFU/RYAN CHIGOCHE Lack of confidence in the market is one of the major causes of currency volatility, the central bank governor and multiple economists have said. The exchange rate this week stood at ZWL$600: US$1 on the parallel market. The Zimbabwe dollar was trading at ZWL$338.49 :US$1 at the auction system. In April, the…