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.

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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