Yesterday president Emmerson Mnangagwa stated that the Zim dollar will return but the conditions are not yet right.
In a state of the nation address in parliament ,President Emmerson Mnangagwa pledged a raft of economic measures, including currency reforms and better Forex availability.
 |
| Zim Dollar To Return Says Emmerson Mnangagwa |
But, he said, conditions had to be right before foreign currencies were replaced once more by the Zimbabwean dollar.
“My government shall continue with the use of the multi-currency system up until the current negative economic fundamentals have been addressed to give credence to the introduction of the local currency,” Mnangagwa said.
In 2009, wracked by hyper-inflation, Zimbabwe dumped the local dollar and adopted the US greenback and other foreign currencies, including the South African rand.
“My government shall continue with the use of the multi-currency system up until the current negative economic fundamentals have been addressed to give credence to the introduction of the local currency,” Mnangagwa said.
In 2009, wracked by hyper-inflation, Zimbabwe dumped the local dollar and adopted the US greenback and other foreign currencies, including the South African rand.
