Legislators have demanded that Finance Minister Mthuli Ncube present a ministerial statement about the devaluation of Zimbabwe's new gold-backed currency.
40% of its value following pressures from the market for the Reserve Bank of Zimbabwe to adopt a realistic exchange rate. There have been previous attempts to establish a Zimbabwe an currency undermined by the central bank printing money to finance government borrowing. confidence in Zimbabwe 's currency system yet again, adding to the country's long history of failed currency experiments over the past two decades.
WEDZA North MP Itai Ndudzo on Tuesday demanded that Finance Minister Mthuli Ncube present a ministerial statement addressing the devaluation of Zimbabwe's new gold-backed currency,… SUPERMARKETS, vendors, commuter omnibus operators and tuckshops are no longer accepting payment in the local ZiG currency following Reserve Bank of Zimbabwe governor John…
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