Zimbabwe finance minister Mthuli Ncube. Picture: AFP/FABRICE COFFRINI
Ncube, a Cambridge University-trained economics professor, has reined in state spending and boosted tax revenue. Still, the introduction of a new currency in June, accompanied by a ban on the use of the dollar, has seen the rapid erosion of spending power with the Zimbabwe dollar now trading at almost 10 to the dollar after its predecessor, a quasi-currency known as bond notes, was officially said to be at parity as recently as February.
Under a debt-settlement plan, which Ncube said he’s discussing with creditors, Zimbabwe would complete an International Monetary Fund staff-monitored programme in January. It would then:
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: