De-Linking Our Economy From The USD Will Bring Exchange Rate Stability- Mthuli

The Minister of Finance speaking at the Zimpapers breakfast meeting on Friday said it would take time to reach the de-dollarisation target as very few economies had successfully de-dollarised, the Herald reports.

The treasury boss according to the publication said:

We are in a transition but the trick to de-link from the United States dollar is exchange rate stability. If we can keep the exchange rate stable for six months to a year, it can help us de-link

Zimbabwe banned the multi-currency system on 24 June 2019 in favour of the mono currency and has since introduced new notes to work concurrently with the quasi currency that was introduced in 2016.

More: The Herald


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