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Zimbabwe to rebase economy after adopting new currency - finance minister

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The economy grew higher than expected in 2018, Finance Minister Mthuli Ncube told Parliament.

HARARE - Zimbabwe’s Finance Minister announced the rebasing of the economy on Wednesday, following the adoption of a new currency earlier this year, and said growth would be slowed this year by a drought and a cyclone that hit eastern regions.

Rebasing the economy broadly means changing the reference points used to calculate the country’s gross domestic product. Ncube said the economy had grown by 6.2% in 2018 compared to an initial forecast of 3.1% but he saw growth being throttled this year by “severe economic shocks”, including a drought that has wilted crops and a cyclone that hit western parts of Zimbabwe in March.

 

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How many 'new' currencies have Zim adopted since Zanu PF's crazy anti-developmental policies were fed unto the Zim people?

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