International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.

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
Cite This The Impact of Multi-Currency System On Public Sector Procurement Performance in Zimbabwe - Caroline Hunidzarira, Ranzi Rusike, Felix Chari - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.26598
DOI https://doi.org/10.36948/ijfmr.2024.v06i04.26598
Short DOI https://doi.org/gt8gxk

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