Thursday 11, October 2018 by Bloomberg

Zimbabwe plans currency reforms after fixing fiscal imbalances

 

Zimbabwe will introduce currency reforms once it’s addressed imbalances in government finances, Finance Minister Mthuli Ncube said.

The state plans to put the economy on a stronger footing through measures including cutting expenditure and increasing the efficiency of government delivery systems, Ncube said in a statement emailed Wednesday from the capital, Harare.

“These reforms shall be accompanied by a strong and sustainable currency-reform system, which will follow” the over after the execution” of the of the above reforms. This is necessary to ensure that any currency reform programme that the Government would put in place is effective and that it has minimum disruption to business

Features & Analyses

Economics Adapting to a new era

  Abdullah Al-Fozan, Chairman of KPMG MESA and KPMG Saudi Arabia, provides an exclusive commentary on the Kingdom’s business… read more