Govt indicating left, economy turning right

While presenting the 2020 Monetary Policy Statement on Monday, Reserve Bank of Zimbabwe governor John Mangudya said the country was making steady progress in de-dolllarising. This came after the new dispensation last year abolished the multi-currency regime which had been in use since February 2009 and reintroduced the Zimdollar.

“The bank shall, therefore, continue to provide incentives to promote and defend the use of the local currency within the economy in order to support the de-dollarisation process,” Mangudya said.

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