Zimbabwe cash shortages to ease in two months

We should shift from having a political understanding of foreign currency shortages. Most people make noise of shortage of foreign currency but they do not export and they do not earn the forex. Its reckless bravado.

What I want to promise the nation is that within the next two months, the queues are going to be minimised.

Starting from the end of this month, we should see increased supply of cash on the market as we get more money from tobacco, increased gold experts as well as increased supply from our lines of credit so that we get more cash into the economy.

Our wish, hope, appeal and prayer is that we need to use cash concurrently with plastic money. 96 percent of our financial transactions volume wise are now using plastic money.

We call on people to use cash sparingly because the same cash is required to import critical goods and services into Zimbabwe.

We also want to minimise double-dipping because we are dipping into the same nostro accounts to import fuel, we are dipping into the same nostro accounts to import cash.

Despite these challenges, I want to assure Zimbabweans that in the coming weeks, the queues will ease because we are addressing the cash shortages.

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