peter
Business Editor
TREASURY has outlined key macro-economic policy measures to support the five year de-dollarisation strategy.
Under this framework, the use of the US-dollar for domestic transactions would remain permissible in the next four years while a fixed and dual exchange system would be adopted.
Government also intends to reduce forex retention thresholds for key sectors, a move that is likely to excite exporting businesses.
The measures cover the period 2020 to 2024 and would be front-loaded in five broad categories that encompass exchange control, monetary measures, fiscal and structural interventions as well as supporting measures.
…More to follow
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