Story by Owen Mandovha
GOVERNMENT says the new monetary policy framework will not trigger exchange rate instability or a resurgence of the parallel foreign currency market, as authorities move to strengthen confidence in the local currency.
Speaking during a post-Cabinet briefing in Harare, the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, said the framework introduced under the Second Republic is designed to maintain stability.
He dismissed concerns that paying local contractors in the ZiG currency could fuel exchange rate volatility or drive activity onto the parallel market.
Government maintains that the policy measures in place will support a stable currency environment while ensuring smooth transactions for goods and services within the domestic economy.
