Reserve of Zimbabwe (RBZ)’s number 2 Mr Jesimen Chipika has underplayed prospects of the return of the multicurrency system which was outlawed on 24 June this year.
Chipika said that the Zimbabwe dollar which was reintroduced through Statutory Instrument 142 of 2019 was stabilising the economy and was part of the structural adjustment measures the country is embracing to address the financial crisis.
Speaking to captains of industry and commerce during her presentation at the 2019 bankers and banking survey launch in Harare this Thursday, Chipika said:
The Zimbabwe dollar may not be perfect but we are getting there.
We have seen the reduced trading of foreign currency on the black market and we are seeing stronger demand for the local currency.
The government, on the other hand, is reportedly in the process of printing the new currency which can be expected on the market anytime this year.
agencies
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More