BREAKING: Zim to introduce own currency-Mthuli Ncube

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Zimbabwe's new Minister of Finance, Mthuli Ncube
Minister of Finance, Mthuli Ncube has hinted on introducing own currency within a year.

Finance minister Mthuli Ncube has hinted that government will introduce own currency within the next year as he is also contemplating on easing taxes in the next two to three years.

Ncube made the revelations during his address at the Global Shapers Community meeting held at the Celebration Center on Friday.

We should be close on currency reforms. It will happen by stealth because we can’t. Currency reforms started October 2018 but we didn’t have fiscal discipline in place. We won’t capitulate to the USD but have currency reforms.

We are less the 12 months away from currency reforms,” he said.

He added that he was satisfied with the current state of the fiscal side of austerity measures and will soon to introduce tax reforms
I m now comfortable with the fiscal side in austerity measures. I even contemplate easing taxes in the next 2/3 years. We can’t have austerity forever. What’s left now is the heavyweight lifting on the monetary policy side. Dollarisation would be capitulation. We need own currency,” said Mthuli.

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