Minister of Finance and Economic Development, Professor Mthuli Ncube, has said that ongoing currency reforms will not result in a return to 2008. He said that the necessary conditions for the return of the Zimbabwe dollar are in place to support the domestic currency.
Zimbabweans are still haunted by the memories of 2008. The era was characterised by shortages of essential goods and services and hyperinflation which reached a record high 231 million percent as per official statistics.
The introduction of Statutory Instrument 142 of 2019 which simultaneously banned the use of all foreign currencies for domestic transactions and also reintroduced the Zimbabwe dollar had people speculating about a possibility of returning to the 2008 chaotic monetary situation.
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