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.

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…

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