Finance Minister Mthuli Ncube says government is staying out of the newly launched interbank market and will only intervene to deal with any volatility. After a second day of foreign currency trading on Tuesday, trades remain largely restricted.
Prof Mthuli Ncube Path to Prosperity
As we work to put Zimbabwe’s economy back on its feet, recovery is the word.
The Zimbabwean financial situation, its industry, its businesses, have all been in a state of stagnation for far too long. Recent moves have been jolting to some, but this jump-start treatment is precisely what is needed for this patient to recover, to put this stagnation behind us.
What is inflation and why must we get it under control? What has been going wrong, and how are we putting things right? As an Economics Professor, its important I first explain the basics.
Government is currently operating on a positive cash basis as revenue enhancement and austerity measures announced in the 2019 National Budget continue to yield dividends, Finance and Economic Development Minister Mthuli Ncube has said.
Finance and Economic Development Minister Professor Mthuli Ncube says Government will continue to implement appropriate fiscal measures to bring inflation down to single-digit levels by year end.