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
Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — there was also broad consensus among the analysts yesterday that the Reserve Bank of Zimbabwe (RBZ) had largely managed to sustain confidence in its monetary framework in its MPS of last week.