He said adopting the United States dollar or the South African rand was not currency reform. It is capitulation.
Ncube said currency reform had started on 1 October with the separation of accounts but this had been affected by lack of fiscal discipline which led to speculation.
This was rectified by the 2019 budget which brought in disciplinary measures.
(176 VIEWS)
The role of social media on how people get their news in Zimbabwe is being…
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…