Brace for Zimdollar return: Mutsvangwa

Source: Brace for Zimdollar return: Mutsvangwa – DailyNews Live

Staff Writer      8 December 2017

HARARE – President Emmerson Mnangagwa’s government will soon reintroduce
the Zimbabwean dollar which will be anchored by international goodwill,
Special Advisor to the President Chris Mutsvangwa has said.

The revelation comes as economists have called for the bond notes to be
demonetised in favour of hard currency borrowed abroad.

Government abandoned the Zimbabwe dollar in 2009 after the currency had
been rendered worthless by hyperinflation.

Zimbabwe then introduced bond notes in November last year, which have
since vanished from circulation.

“One thing for certain which touched the president’s heart was the issue
of re-introducing our own currency; that matter has generated a lot of
interest amongst investors from South Africa, China even in the European
Union who want to see this country progressing,” Mutsvangwa said on
Tuesday during a meet-the-people rally in Manicaland.

“He has the goodwill to do it. That goodwill will give confidence for the
re-introduction of our local currency. We will then start to rebuild our
country with a stable currency so that we develop as people.”