Cabinet has urged Zimbabweans to embrace government’s move to abolish the multicurrency system adding that it would place the country’s economy on a firm growth trajectory.
Addressing journalists during a post cabinet briefing, Information, Publicity and Broadcasting Minister Monica Mutsvangwa said Zimbabweans should be driven by by the sense of national pride.
“Cabinet calls on all citizens and stakeholders to close ranks and give maximum support to these measures which are designed to ease the plight of all our people and to place our country’s economy on a firm growth trajectory.
“As Zimbabweans, let us be driven by the sense of national pride, self-belief and the commitment to guaranteeing the integrity of our financial system
Cabinet noted with satisfaction the decision taken by the Monetary Authorities to abolish the multicurrency system and replace it with a mono-currency as contained in Statutory Instrument 142 of 2019,” she said.
Mutsvangwa said the measure was a critical step towards the full restoration of a Zimbabwe sovereign currency
“This measure is a critical step towards the full restoration of a Zimbabwe sovereign currency as envisaged under the Transitional Stabilisation Programme.
Cabinet also applauds the other supportive measures being introduced by the Reserve Bank of Zimbabwe to bolster this initiative,” she said.
Mutsvangwa said the commencement of meetings of the Social Partners under the Tripartite Negotiating Forum was a welcome development.
“Further, the commencement of meetings of the Social Partners, that is, Government, Business and Labour under the Tripartite Negotiating Forum is indeed a welcome development, as it fosters a collaborative approach to the development of the national economy,” Mutsvangwa said.