Free forex ebook

Zim To Get New Currency Next Month

  • forex
  • Wealthy affiliate online

Eddie Cross, a  renowned economist, has revealed that the new currency previously mentioned by Mthuli Ncube in August this year will be introduced next month (November) in a move set to curb cash shortages in the country.

Eddie Cross is a member of the recently appointed Monetary Policy Committee, a committee that formulates policies affecting money supply and interest rates in the economy which makes his statement relevant and credible.

Mthuli Ncube will probably take the opportunity to announce the new currency in the upcoming 2020 National Budget Statement Presentation which he mentioned in August.

“We already have our own local currency, but this will be the first Zimbabwean dollar note which will trade at parity to bond notes,” said Mthuli in August. this year.

“The events which saw the exchange rate shooting mercilessly are  quite unfortunate,” said Eddie Cross

Mr Cross revealed the new currency when he was urging the government to increase money supply so that Ecocash agents trading cash will be out of business and bring stability in the economy.

We hope these new notes will solve the problems affecting the economy and stabilize the exchange rate and the ever-increasing prices Zimbabwe. We also hope that these notes will be convertible outside the country, not bond notes.

Stories you may be interested in:

  • WhatsApp masterclass

You can see the latest prices of basic goods by clicking here.

(You can see the latest rates by clicking here)

“Command economies don’t work” says Tendai Biti 

ZETDC Applies For Electricity Tariff Adjustment

Ecocash Comes Back Guns Blazing

” Another tragic failure courtesy of RBZ” Zimbabweans react to the banning of Ecocash

See the latest Tenders here 

If you want to be added to our WhatsApp broadcast list please save our number +263 775 378 769 and then text ‘Add’ to that WhatsApp number. If you don’t save the number you will not get our broadcasts when we publish new content.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please turn off your adblocker to view our content as our site is ad-supported