FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday reiterated that there was no going back on the use of the Zimbabwe dollar, adding that the future of the local currency was “bright”.
The country adopted a multi-currency system in February 2009 to tame inflation which had reached unprecedented levels and Zimbabwe reintroduced the Zimbabwe dollar in June last year.
Responding to questions during a meeting with Bulawayo businesspeople at the Zimbabwe International Exhibition Centre yesterday, Prof Ncube said people should remember that the country allowed the use of the United States dollar, a few months ago to address the challenges of currency volatility induced by Covid-19 pandemic.
“The future of the Zim dollar is bright, you are abusing it, we will use it. And as Government and together with you the private sector, I believe we’re on the right track,” he said.
Some uncouth business elements have been fuelling parallel market activities to weaken the Zimbabwe dollar.
Prof Ncube said despite efforts by the saboteurs to destroy the economy, Government will continue implementing measures aimed at promoting economic growth and development.