Zim likely to adopt dual currency

Zim likely to adopt dual currency
Published: 12 November 2013

Zimbabwe is likely to adopt a dual currency system that could bring bank the Zimbabwe dollar alongside the US currency if the government fails to resolve the liquidity crisis and to convince multilateral institutions to lend money, analysts have said.

Finance minister Patrick Chinamasa has said the multicurrency regime will continue.

However, Tony Hawkins, the head of University of Zimbabwe's Graduate School of Management said the tightening liquidity in the economy could force a rethink and that there was always the risk that politicians would seek a "superficially attractive" way out to finance campaign promises.
- dailynews
Tags: Currency,


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