Zimbabwe President Emmerson Mnangagwa Ends Ten Years of Multi-Currency Economy, Announces New Currency – Z$ For Zimbabwe

MNANGAGWA.jpg
Emmerson Dambudzo Mnangagwa, President of the Republic of Zimbabwe @edmnangagwa

ZIMBABWE PRESIDENT EMMERSON MNANGAGWA APPEALS TO ZIMBOS TO EMBRACE AND ADOPT THE NEW ZIMBABWE DOLLAR AS OFFICIAL CURRENCY WITH IMMEDIATE EFFECT, //CRIMSON TAZVINZWA

Zimbabwe introduces own currency Z$ dollar as the country’s sole legal tender last month, 10 years after ‘dollarisation’ , step towards relaunching the Zimbabwean dollar.

“The march towards full currency reform is part of our transitional stabilisation programme,” Finance Minister Mthuli Ncube said in a video posted on Twitter.

“This move is really beginning to restore full monetary policy.”

Image
Zimbabwe Business Forum; Victoria Falls

Zimbabwean President Emmerson Mnangagwa, who replaced longtime leader Robert Mugabe after an army coup in November 2017, is trying to repair an economy ruined by hyperinflation and a long succession of failed economic interventions.

President Mnangagwa: It has always been clear that for our economy to truly take off, we need our own currency. My full statement is below;

Image

Image

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.