Govt building gold and diamond reserves to back Zim dollar
7Β years agoFri, 28 Jul 2017 02:50:26 GMT
Speaking during an advocacy meeting on the new Constitution that was organised by the Ministry of Justice, Legal and Parliamentary Affairs in Chiredzi, Vice-President Emmerson Mnangagwa revealed that Government is building gold and diamond reserves to back the re-introduction of the Zim dollar.
Said Mnangagwa:
We are building reserves of gold and diamonds which if they reach a certain level I will not tell you here, it will then allow us to introduce our own currency that will be backed by those minerals. I am not at liberty to disclose to you the level that we want those minerals to reach before they can back our own currency.
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