Multi-currency Regime To Remain In Place: Finance Minister

The Minister of Finance and Economic Development Mthuli Ncube says that the multi-currency regime shall remain in place. The United States dollar will be the currency of reference. He said this is being done in order to preserve savings. He said

… the multi-currency system remains in place, with the US dollar being the currency of reference, out of the currency bask. Government is mindful of the need for preservation of value, hence, the taken to decisively implement measures, focusing on addressing the budget deficit, money supply growth, current account deficit and inflationary pressures. It is important to note that, apart from prudent fiscal and monetary policy measures, disciplined market conduct by all
economic agents is also key in the preservation of value.

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