Minister of Finance and Economic Development, Mthuli Ncube, has pleaded with Zimbabweans to embrace all currencies including the Zimbabwe dollar considering that the country is under sanctions.
Speaking on the sidelines of the ZANU PF Bulawayo Province National Cell Day on Saturday, Ncube said the country will attain a positive economic growth rate despite sanctions-induced challenges. He said:
As things stand, it’s very important for us to embrace all currencies, especially the local currency.
As a country that is under sanctions, it is very critical for us to do that because we have to harness the hard currency that is in the local market.
Ncube said the country will achieve a positive rate of economic growth this year following a 7.8 per cent growth recorded in 2021. Said Ncube:
We are pleased that we are on course again this year to realise a positive rate of growth.
As you know, last year our rate of growth was 7.8 per cent, and this year we expect a positive rate of growth again.
All figures from the IFM and the World Bank are pointing to a positive rate of growth.
… Inflationary challenges caused by imported inflation and the parallel market are real.
However, these are challenges that we have to deal with head-on as a country in order to prevail.