01252nam a22001097a 4500100001500000245004200015260003000057300000800087520089500095650005400990856009801044  aNdudzo, E.  aLiquidity and Illicit Financial Flows  aHararebSunday Mailc2016  a4p.  aThe article alludes that   illicit financial flows and liquidity constraints stand among the foremost encumbrances standing between Zimbabwe and its economic dream. Exporting liquidity through leakages suffocates the economy by reducing aggregate demand thus causing deflation. Financial resource leakage exists with negative effect on national liquidity. Therefore, there is need for transparency, accountability and self-discipline in the utilisation and management of financial resources within a multi-currency system. Illicit financial flows should be viewed in the broadest sense, encompassing smuggling (precious minerals, wildlife trophies, etc), non-remittance of export proceeds, unwarranted remittances and offshore investments. Also in this bracket are tax evasion/avoidance, porous borders, misappropriation of foreign loan receipts, and irregular and/or wasteful expenditure.   aIllicit Wealth, Exporting Liquidity, Transparency  uiffoadatabase.trustafrica.org/iff/Liquidity and illicit financial flows _ The Sunday Mail.pdf