In an interview with The Chronicle yesterday, Finance and Economic Planning Deputy Minister Terence Mukupe dismissed a statement circulating on social media announcing the re-introduction of the local currency.
Mukupe said the statement which announces that the Government has resolved to revert to the use of local currency as from July 9, is fake and meant to tarnish his image. Said Mukupe:
It’s fake. It’s just some people who want to taint my name. It’s a fake article. The official position yes we would want the Zim dollar to return but the President said it has to be under the right conditions with the right fundamentals in place.
According to the statement, which spells Mukupe’s name as Terence Mukhupe, cash amounts would be allocated to each bank at par value to current account balances.
To this end all banking systems will undertake a technology upgrade to change currency reflected to local currency on all accounts in order to accommodate for this change all banking systems will be down between midnight Friday 6 July 2018 at 9am. In order to minimise disruption of services banking customers are advised to access funds required between Monday 2 July and close of business on Wednesday 3 July 2018. Continued use of plastic money should be the preferred means of transactions. Please contact your relevant ministerial representative should you have questions relating.