HARARE – Zimbabwean will do away with the multiple currency regime – which includes the rand, US Dollar and other units – currently accepted as legal tender alongside the RTGS$ consisting of bond notes and electronic balances, President Emerson Mnangagwa said on Friday.
At an environment clean-up campaign in Harare South constituency Mnangagwa said: “We are getting to the point where we say even if you have US dollars or British pounds in your pocket it’s yours but when u want to buy you exchange it and use our currency, you will be informed more about that.” Zimbabwe was only getting forex earnings after export sales, diaspora remittances and from limited investments inflows. Companies and investors have been limiting exposure to Zimbabwe as the financial crisis in the country occasion challenges in remitting dividends and moving other funds from local markets.
The president, whose economic reform measures have been criticized and are now being monitored by the International Monetary Fund , defended the country’s austerity measures, highlighting that these would help fix the ailing economy.
Indirectly migrating their citizens to SA, another collapse eminent
I thought people were happy with the rand..🤔
Zimbabwe is a sovereign nation in name only.....Zimbabwe should swallow its pride and adopt the Rand as it's only currency;its too weak a state to try for any other solution!
What a coincidence: Just as South Africa plans to follow the brilliant economic policies of Zimbabwe! 😊
Dump a rand We should bomb them😄😄 like america did to iraq for dumping the dollar
Are u for realini look nde zvangu!🙄
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