No rush to scrap multicurrency, RBZ says, as it vows to honour all contracts and foreign currency accounts

BULAWAYO. The Reserve Bank of Zimbabwe (RBZ) has ruled out a hurried move to a single local currency, saying the shift will be driven by the market and that no one’s foreign currency holdings or contracts will be forcibly converted.

RBZ deputy governor Innocent Matshe gave the assurance at the pre-budget consultations held in Bulawayo this Wednesday.

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