Uncategorized
Zimdollar stays, insists Mthuli
Veneranda Langa ·

FINANCE minister Mthuli Ncube yesterday vowed that government will not take the Zimdollar out of circulation despite pleas by MPs across the political divide that it had brought suffering to Zimbabweans.
Responding to Rushinga MP Tendai Nyabani (Zanu PF) on whether he was ever going to come up with a policy to put an end to the suffering of the transacting public that are charged a premium to get cash by EcoCash agents, Ncube said government was aware that inflation had eroded the purchasing power of coins as people preferred notes.
“We have a programme with the central bank to surrender coins in exchange for notes, and I must say that premiums on EcoCash are unacceptable, but the issue is because there is not enough domestic cash yet,” he said.
This story is for NewsDay subscribers.