Economic analysts have allayed concerns around unstable exchange rates currently prevailing in the market describing the fluctuations as temporary as corrective measures are being undertaken to normalise the situation.

An industrialist Mr Denford Mutashu said the fluctuations prevailing in the market with regards to exchange rate are a result of excess demand of forex emanating from a growing economy as many companies increased production capacity in the first half of the year due to an attractive business environment which subsequently increased demand of forex.

He, however, reiterated that the pressure on forex demand will subside as the economy produces more output that will grow the export base as well as reducing the imports.

Mr Scot Sakupwanya, the founder of Upfumi Kuvadiki called on the youths and the generality of Zimbabweans not to panic because government is seized with economic initiatives of putting macroeconomic fundamentals in place so that the country adopts its own currency that will stabilise the economy.

The current focus of His Excellency President Emmerson Mnangagwa of modernising and industrialisation of Zimbabwe will see currency issues and other macro economic problems being permanently eradicated.