Zimbabwe wants a new currency by early 2020, and IMF funding
President Emmerson Mnangagwa, praising his finance minister for a budget surplus, says a new currency is crucial to revive the economy
21 June 2019 - 11:50
Zimbabwean President Emmerson Mnangagwa and his finance chief want a new currency by March 2020; would welcome funding from the International Monetary Fund (IMF); and may even consider a eurobond offering as the struggling economy emerges from more than a decade of isolation.
The introduction of a new currency is crucial to his efforts to revive the economy, said Mnangagwa, who secured a five-year term in July elections after the military deposed Robert Mugabe in 2017...
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