The government has set up a Currency Stabilisation Task Force in order to stabilise the exchange rate and lower inflation.
Addressing the media in the capital today, Finance Minister Mthuli Ncube said the task force will be spearheaded by the Ministry of Finance and Economic Development and the Reserve Bank of Zimbabwe.
“In order to stabilise the exchange rate and hence, to lower inflation, the Government has decided to implement a holistic package of key policy measures.
“In this regard, a Currency Stabilisation Task Force has been set up. This will be spearheaded by the Ministry of Finance and Economic Development and the Reserve Bank of Zimbabwe, and will include members of the MPC and PAC.
“The Task Force will be chaired by the Minister of Finance and will meet at least once a week to review the conditions in the markets, monitor the behaviour of key variables such as the exchange rate and inflation, and to ensure that the measures that I outline below are expeditiously implemented.
“The Task Force will put in place additional policy measures, where necessary,” he said.