The Impact of Multi-Currency System On Public Sector Procurement Performance in Zimbabwe

Author(s)	Caroline Hunidzarira, Ranzi Rusike, Felix Chari
Country	Zimbabwe
Abstract	The purpose of the study was to examine the impact of multi-currency system on public sector procurement performance in Zimbabwe using evidence from government ministries of agriculture, defence and local government. In line with the positivism philosophical framework the study used correlational research design, deductive research approach, quantitative research methodology and a structured questionnaire to collect primary data from 171 participants comprising of procurement and finance officers in the three ministries. The study confirmed a statistically significant impact of multi-currency system on public sector procurement performance. All multi-currency system dimensions that include exchange rate fluctuations, foreign currency shortage and multiple currency usage induced inflation were found to significant positive predictors of both procurement cost and supplier price. Exchange rate fluctuations were confirmed to have the greatest positive impact on both procurement cost and supplier price in the public sector.
Keywords	Multi-currency system, public sector, procurement performance, public procurement, exchange rate fluctuations, foreign currency shortage, inflation, Procurement cost, Supplier price
Field	Business Administration
Published In	Volume 6, Issue 4, July-August 2024
Published On	2024-08-27
DOI	https://doi.org/10.36948/ijfmr.2024.v06i04.26598
Short DOI	https://doi.org/gt8gxk

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International Journal For Multidisciplinary Research