HomeBusiness

Zimbabwe Not Considering Adopting Rand- Mthuli Ncube

5 years agoTue, 12 Mar 2019 18:23:28 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Zimbabwe Not Considering Adopting Rand- Mthuli Ncube

Zimbabwe’s finance minister Mthuli Ncube has said the country is not considering adopting the the SA rand as its main currency of trade – alongside its local unit, the RTGS dollar – or joining the rand monetary union.

Speaking to TimesLIVE on the sidelines of the third session of the bi-national commission between South Africa and Zimbabwe on Tuesday, Ncube said Zimbabwe has “completed its currency changes” and the adoption of the rand was unnecessary. Said Ncube:

We have completed the currency changes and we want to continue now on the path of fiscal reforms. We need to be competitive and a local currency is necessary. The rand, just like the US dollar, is foreign currency.

More: TimesLive

Buy Samsung, itel, Redmi smartphones in Zimbabwe

WhatsApp: +263715068543

Tags

0 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback