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*RBZ rules out adoption of rand as Zimbabwe's main currency* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?dr Reserve Bank of Zimbabwe deputy governor Dr Khupukile Mlambo said the country will not adopt the South African rand as its currency although the United States dollar has not been the ideal option. He said joining the common monetary area using the rand would not be an option because Zimbabwe does not have its own currency. Addressing attendants at a National Economic Consultative Forum workshop held in the capital yesterday Dr Mlambo said, ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > We need to understand the South African rand has its own challenges, it is volatile. Personally, I would have been happier if we adopted any other currency than the USD. It has created headaches of liquidity and it would have been better to use another currency Dr Mlambo, however, reinforced the monetary authorities’ view that a currency cannot be imposed on citizens and that monetary decisions were also based on past experiences, > We have lessons learnt from 2008. You cannot force a currency on people. In 2008, we realised people were already transacting in foreign currency, Zimbabweans made that choice. More: Herald itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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