THE Reserve Bank of Zimbabwe’s recent articulation of a long-term transition to a mono-currency system by 2030 offers a commendable and much-needed vision.The strategy, which is described as ‘market-driven’ and supported by ‘targeted policy interventions,’ correctly recognises that the ZiG’s success hinges on public confidence and widespread acceptance. This is a welcome, albeit overdue, shift…
Back currency plan with action
According to the latest Treasury bulletin, the surplus was achieved after cumulative revenue collections for the period between January and March reached ZiG64,8 billion, exceeding expenditures of ZiG57,4 billion incurred during the period under review.