According to official statistics, Zimbabwe’s cumulative trade deficit since dollarisation was estimated at around $20 billion. The current account balance reflected a negative $1,2 billion in 2009 and has progressively worsened to a negative $3,1 billion in 2015.

Speaking at the IPMZ breakfast meeting in Harare yesterday on Bond Notes and the Current Cash Crisis — Implications to HR Practitioners, Mangudya said the country was consuming more than what it exports.[button link=”https://www.newsday.co.zw/2016/06/17/cash-crisis-sign-low-productivity-mangudya/” color=”default” size=”” type=”” shape=”” target=”_blank” title=”” gradient_colors=”|” gradient_hover_colors=”|” accent_color=”” accent_hover_color=”” bevel_color=”” border_width=”1px” shadow=”” icon=”” icon_divider=”yes” icon_position=”left” modal=”” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ alignment=”left” class=”” id=””]CLICK HERE FOR MORE INFO[/button]