The finance minister, professor Mthuli Ncube has said that moving forward, the nation must be prepared for a raft of measures from the central bank, the Reserve Bank of Zimbabwe. The measures are meant to support the value of the newly introduced Zimbabwean dollar.
He also revealed that the reintroduction of the local currency which was abandoned in 2009, is part of the Transitional Structural Reforms. He added that the introduction of the new currency is a move that is premised at restoring full monetary policy, and also at giving the RBZ flexibility in conducting the monetary policy.
Watch the video below by the Ministry of Information for more.
His remarks come at a time when the citizenry is concerned over the possibility that the new currency will also fail as the original Zimbabwe dollar. The bond notes and the RTGS dollar have also aided in eroding the little confidence stakeholders had in the government.
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