Home Business Zim To Have Own Currency By Year End: President Mnangagwa.

Zim To Have Own Currency By Year End: President Mnangagwa.

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President Emmerson Mnangagwa said Zimbabwe will have its own currency by the end of this year.

Addressing stakeholders who attended the clean-up campaign held in Southlea Park, today, President Mnangagwa said the country will not develop while using currencies of other countries hence the need to re- introduce its own currency.

“As a country, we are obligated to have our currency and we have started that journey (to having a currency) because the exchange rate (on the black market) is constantly changing and this is because we don’t have our own currency.

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“We will get to a point where the US dollar will be there on the market, you will have it your pockets but when you want to then buy, you will have to change it. You will take our money which we are in the process of making, you will be told about it,” he said.

The President reiterated that Zimbabwe is open for business but is not open for abuse while warning those sabotaging the economy that the law will soon catch up with them.

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