Currency options

Currency options, Reform, and Implications for Corporates

Chief Speaker

Jon Chew
Chief Investment Officer of Imara Asset Management

Introduction

• Imara’s Investment team are continually asked our view on currency by pension fund clients

• We are takers of government policy; what we think is best is not the same as what is likely to happen

• Choice of Currency is a Sovereign Decision

• Technical expert visit from the IMF

• Focus on what is more likely – not obvious who will win the election nor what policies/currencies they wish to pursue (Zanu PF seem to be suggesting a currency board, the MDC a Rand Monetary Union)

• We assume a solution to the external debt problem will occur in parallel with any new currency regime!

Slides from the presentation

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