Farai Dziva|Economist Eddie Cross has urged the government to descend heavily on currency speculators.

” Zimbabwe’s economic fundamentals are now sound and there is no need for speculators to continue with their wayward behaviour on the foreign currency parallel market which is affecting the poor,” said Cross.

Cross said Government should take stern measures to contain the forex parallel market that has brought anguish to the majority.

“The prevailing volatility of the parallel market is blamed on speculators for influencing the exchange rate without economic justification.”

Cross said if macro-economic fundamentals were constant, as the situation on the ground shows, the rates should not exceed RTGS$4 to US$1.