Categories: Business

REVIVAL OF LOCAL CURRENCY SET TO HAPPEN IN ZIMBABWE

President Emmerson Mnangagwa who took over from Robert Mugabe in an election held in July 2018 has promised to revive the economy of the country and mend fences with former allies in the west after so many years of isolation.

The economy of the Southern African nation took a nose dive as the nation has been in a situation of hyperinflation dated far back as 2009. Asides the hyperinflation, Zimbabwe has a high record of unemployment and the government of the country still struggle to pay it’s workers.

The President of Zimbabwe has promised to re-introduce a local currency “in nothing less than 12 months” after using the US dollar and regional currencies. This information was given by the Minister of Finance in an interview held on Saturday.

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