Former Finance Minister, Tendai Biti has just said that the government is going to introduce a new currency this week. The introduction of a new currency is expected to coincide with the presentation of the Monetary Policy statement by Finance Minister, Mthuli Ncube this week. On his Twitter account, Mr Biti said The regime will more

Zimbabwe will reintroduce domestic currency only when conditions are ripe and critical economic fundamentals are in place since using the US dollar as an anchor currency is now unsustainable, according to Finance and Economic Development Minister Mthuli Ncube. The minister said the truth that has not be told was that Zimbabwe used US$300 million annually more

Zimbabwe will introduce a new currency in the next 12 months, the country’s Finance Minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest. The southern African nation abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic recession, adopting the more

Finance minister Mthuli Ncube says government is drafting reforms that will see Zimbabwe eventually introducing its own currency. Ncube, who is in New York for the United Nations General Assembly, told Bloomberg TV in an interview that bond notes would remain in circulation until “fundamentals are conducive for the introduction of a local currency”. “Over more