Zim cash shortages

Zimbabwe seems to be experiencing some isolated (for now) cash shortages.

This was a concern around election time. There was a risk that citizens, fearing uncertainty around the reintroduction of the Zim Dollar might have withdrawn their deposits and borrowed as many dollars as they could. There has been limited talk of the reintroduction of the Zim Dollar, but I hadn’t expected these scenarios just yet.

Hopefully this is just a logistics issue ahead of Christmas shopping and year-end pay.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.