Finance and Economic Development Minister Mthuli Ncube defended the government’s decision to “ambush” the market with Statutory Instrument (SI) 142 of 2019.
Members of Parliament expressed disquiet over the manner in which Ncube failed to adequately communicate the introduction of the Zimbabwe Dollar to the public.
In response, Ncube, who was appearing before the Parliamentary Portfolio Committee on Budget and Finance on Monday, said:
When you deal with issues around currency, you do not call for a referendum, especially in this case where there are economic attacks.
You move swiftly and stealthily and with incisiveness.
The President (Emmerson Mnangagwa) hinted that there will be the introduction of domestic currency and we thought that this would prepare people.
A currency is a sensitive issue and the introduction of a new currency has to be well-managed.
We will explain in indigenous languages to ensure the charlatans do not extort people.
Quick NetOne, Telecel, Africom, And Econet Airtime Recharge
If anything goes wrong, click here to enter your query.
Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube