Mthuli Ncube 'Corrects' Biti On Zim Dollar Reintroduction, Says We Are Not Ready Yet

The Minister of Finance, Mthuli Ncube rejected claims made by former Finance Minister Tendai Biti that Zimbabwe is set to introduce a new currency this week. According to 263Chat.com, Ncube that the government has a game plan and will stick to that. He also reiterated that Zimbabwe will have its own currency within 12 months. Ncube is quoted as saying:

He is not in government, we are… I think he is free to comment on anything frankly and also as a member of the opposition, that always welcome, it keeps us on our toes.

However, we have policies, we will do it (introducing the Zim Dollar) when we are ready. We have a game plan, we have a roadmap, we will do the needful when tie conditions are right.

… I cannot give an outline but I have always said and been consistent in doing so, that in 12 months’ time we should have our own currency in the monetary system and I still maintain that.

Earlier on Monday, Biti tweeted:

The regime will this week introduce a new Zimbabwe currency not backed by any #reserves & without the context of structural reforms which a prerequisite of currency reform . That move is pure undiluted #insanity . An unbanked currency is just the #bond note by another name.

Related:

• New Zim Currency To Be Introduced This Week – Tendai Biti

More: 263Chat