Business Politics

From RTGS$ to Zim$ soon: Mthuli Ncube

Takasununguka Ziki
Written by Takasununguka Ziki

By Takasununguka Ziki

The Zimbabwean economy is a very busy economy that sees changes to policy and perspective every once and again. Finance and Economic Development minister Hon. Mthuli Ncube has hinted that the country will soon launch its own currency that he called a “new, fully-fledged currency.” He has said the new dollar will hit the streets within the next 12 months. The main intention according to him is, “to ease the cash shortages on the market.”

In a wide-ranging interview with United States-based TV station Bloomberg Television yesterday, Mthuli asserted that Zimbabwe will soon introduce a central bank controlled rate that he called a “central bank referenced rate” as part of attempts to wrestle the ailing economy from further collapse.

Prof. Mthuli Ncube is in the USA in Washington DC, attending the joint International Monetary Fund and World Bank 2019 Spring Meetings. There is hope from the Zimbabwean side that new lines of credit for the country will be opened.

The RTGS dollar, was introduced by the Zimbabwean government in February of 2019.

Takasununguka Ziki

Author at Zim Talks TV
There is only one like me in the world therefore hard to pawn it off
Takasununguka Ziki

Latest posts by Takasununguka Ziki (see all)

Leave a Comment