Tim: wow looks like 26 gave the newshounds sometime off. things that make you go hmmmmm
Don961: no day off … just not much news of significance being reported … yet … does not mean that nothing is going on beyond the articles … standing by … watching the paint dry … imo
StephenMac63: IMO, the Zim is not worthy of the status of a Currency Basket…. Both the Zim and Venezuela have many similarities that contribute to their currency’s demise.
Lack of proactive monetary policies, other countries scoff at them due to lack of respect. The currency is a direct representation of both the stability and worldwide acceptance of the country. Zim and Venezuela have neither. Long ways to go for them. Both are Humanitarian Missions waiting to happen. IMO, of course
SandnSea: The wealth in the Zimbabwe lands ( gold, minerals, platinum, …..) far exceeds the oil in Venezuela. As it has been virtually untouched. The crude in Venezuela is a dirtier type, whereas Iraq has a much higher quality oil. I’ve always said the Zim is a Wild Card. It will be interesting to watch. This currency game has not been boring. Imo
StephenMac63: The following export product groups represent the highest dollar value in Zimbabwean global shipments during 2017 at the 2-digit Harmonized Tariff System code level. Also shown is the percentage share each export category represents in terms of overall exports from Zimbabwe.
Drilling down to the 4-digit HTS code level, Zimbabwe’s most valuable exported good is unmanufactured tobacco and tobacco waste followed by iron ferro-alloys, diamonds, chromium ores, sugar then fresh or dried citrus fruits.
Tobacco, manufactured substitutes: US$993.5 million (48% of total exports)
Iron, steel: $214.9 million (10.4%)
Ores, slag, ash: $179.6 million (8.7%)
Gems, precious metals: $148.2 million (7.2%)
Sugar, sugar confectionery: $77.6 million (3.7%)
Salt, sulphur, stone, cement: $73.8 million (3.6%)
Fruits, nuts: $61.7 million (3%)
Raw hides, skins not furskins, leather: $43 million (2.1%)
Cotton: $27.7 million (1.3%)
Vegetables: $25.5 million (1.2%)
Zimbabwe’s top 10 exports accounted for 89.1% of the overall value of its global shipments.
Vegetables was the fastest-growing among the top 10 export categories, up by 865.8% from 2016 to 2017. In second place for Zimbabwe’s improving export sales was the fruits and nuts category via its 240.7% gain, trailed by iron and steel’s 75.4% increase.
The two declining top categories among the top 10 Zimbabwean export categories were gems and precious metals (down -85.5%) due to a precipitous decline in international gold sols, then the ores, slag and ash category (down -43.6%).