Why Chinamasa is not bringing back the Zimdollar
Finance Minister Patrick Chinamasa said yesterday the multiple currency system was there to stay in Zimbabwe. He said the government could not bring back the Zimbabwe dollar because the conditions were not yet right.
According to a statement availed on NewZimbabwe.Com Chinamasa said the Zimbabwe dollar would only return when there is: sustainable economic growth; a sustainable current account position; industry competitiveness; sufficient international reserves without which the local currency will be under immense pressure; and restoration of confidence in the banking system and economy.
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