Last updated on September 11th, 2021 at 03:13 pm
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.
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Keywords: Cape Town, African Energy Chamber, Africa, The 2025 African Energy Week (AEW) will host the top energy leaders from…
Recent research shows that Professor Abdessamad Faik believes Africa is at an important energy choice point as renewable-powered hydrogen allows…
The United States plans to shut down its Johannesburg consulate after Sandton Drive gets renamed to Leila Khaled Drive even…
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