New Minister of Finance and Economic Development, Mthuli Ncube has revealed that his ultimate goal is to bring back the Zimbabwe dollar as the national currency.
Speaking after he was sworn in as finance minister on Monday, Ncube said:
We are going to have currency reforms and there will be a process. There will be a roadmap. The first step you will see in the Monetary Policy Statement and that will come out at the end of the month. We will then progress from there.
There are various options that we are looking at but, the ultimate goal is to get the Zimbabwe dollar back and then the issue of change will not be an issue. In the Zimbabwean dollar, there will be notes and coins and you can be assured to have your change.
We need to push forward for a stronger growth, restoring confidence in the economy, debt clearance, fiscal consolidation for at least three years, build credit lines, build reserves and to have a domestic currency. You need reserves, we need to live within our means, reduce expenditure or move towards that and restore fiscal balance.
More: New Zimbabwe
We are going to have currency reforms and there will be a process. There will be a roadmap. The first step you will see in the Monetary Policy Statement and that will come out at the end of the month. We will then progress from there.
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| The Ultimate Goal Is To Get The Zimbabwe Dollar Back: Finance Minister |
We need to push forward for a stronger growth, restoring confidence in the economy, debt clearance, fiscal consolidation for at least three years, build credit lines, build reserves and to have a domestic currency. You need reserves, we need to live within our means, reduce expenditure or move towards that and restore fiscal balance.
More: New Zimbabwe
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