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Proposal to make the US dollar the main currency in Zimbabwe : Find out what Prof Ncube had to say

Pressure is reported to be mounting on the Zimbabwean Minister of Finance to make the United States dollar the official currency of Zimbabwe . The members of the public are reported to be citing that making the United States dollar the main currency is the only means of maintaining price and exchange rate stability .

A report that is alleged to have been made by the Parliamentary Portfolio Committee on Budget and Finance cited the need for the country to adopt the United States currency as most goods and services are in US dollars .

On Saturday, the Minister is reported to have said no to adopting the US dollar as the main currency and cited that it would lead to foreign currency deficits . He added that it would lead to long queues at banks as experienced before .

He said that all that was needed was to stabilize the Zimbabwean currency . A suggestion by the members of the public was made for the country to adopt the multi-currency system as the local .

Source

https://www.zimcitizen.com/mthuli-ncube-told-to-adopt-us-dollar/#comment-44

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Ncube US Zimbabwe Zimbabwean

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