Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
ZiG switch to be gradual, Ncube sets tough rules for mono-currency
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Munyaradzi Mafaro, post: 74037, member: 636"] Zimbabwe's finance chief says the country will eventually ditch the US dollar for local currency only, but he made it clear this isn't happening anytime soon. Mthuli Ncube laid out a massive checklist of economic targets that need hitting first, and the government promises nobody's losing their forex bank accounts when the switch finally goes down. The requirements are pretty intense: inflation needs to stay in single digits, forex reserves have to cover three to six months of imports, and the exchange rate has to stabilize without going haywire. The ZiG launched back in April, and officials claim things are progressing, but meeting all these benchmarks could take years. The whole transition depends on market forces rather than some forced government deadline. [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
ZiG switch to be gradual, Ncube sets tough rules for mono-currency
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top