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*Zimbabwe To Introduce New Currency In 9 Months - President Mnangagwa* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ui President Emmerson Mnangagwa, who is a lawyer by training, said that Zimbabwe has to have its own currency. He said that Zimbabwe is the only country on the face of the planet that does not have a currency of its own. The new currency will be introduced within the next nine month and the government is already working on the modalities, President Mnangagwa revealed ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- Mnangagwa said this during an interview with Bloomberg on the sidelines of the 12th US-Africa Business Summit in Maputo, Mozambique, on Thursday. He said: > Then, of course, there is an issue which is critical also for any economy: this is the question of currency. > I am not aware of any country which has no currency of its own, but that is not my field – I am a lawyer – but I am told that except for Zimbabwe I haven’t been told of another country which doesn’t have its own currency. > Even poor countries have currencies from what I hear, so we intend to introduce our own. Speaking in a separate interview, Finance and Economic Development Minister Mthuli Ncube corroborated his principal’s remarks. He said: > But I think the long-term goal, as His Excellency has said, you cannot develop without your own domestic currency, without the monetary-sector leg in terms of macro management – that is very, very critical. . . > Ncube claimed that the government has already dealt with the issuance of Treasury Bills and fiscal deficits which cause growth in money supply and, and as a result, pose risk to currency value. *More: The Herald* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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