We Have No Desire To Abandon The Zimbabwe Dollar, We Are Working To Ensure It Is The Sole Trading Currency- Ziyambi

The head of government business in Parliament, Justice Minister Ziyambi Ziyambi while responding to Bulawayo East MP Ilos Nyoni in parliament this week said the government had no plans of abandoning the Zimbabwe dollar which has greatly depreciated in value since its infamous debut on 24 June 2019.

According to Newsday, Ziyambi Ziyambi was responding to Nyoni who was asked if the government was aware that people were now preferring USD to the depreciating Zimbabwe dollar and he said:

Government has no desire to abandon the Zimdollar. The MP is aware that when COVID-19 came, the Minister of Finance allowed the use of free funds.

There was no pronouncement to say that we are going back to the US dollar that we do not produce. Our desire is to stabilise our currency so that the earnings of our people are not eroded. At no point are we going to abandon the idea of our currency.

The Minister repeated the same answer when Tendai Biti asked the following question:

The Ministry of Transport through Statutory Instrument 161/2020 has announced that all vehicle number plates must be paid for in US dollars, and the Reserve Bank of Zimbabwe through its auction floors is trading in foreign currency and has obliged all shops to display prices in US dollars and local currency and so are we going to officially dollarise?

More: Newsday 

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