ED ready for structured currency launch
STAFF WRITER
President Emmerson Mnangagwa is ready for the launch of structured currency tomorrow after he inspected the amount of gold reserves available at the central bank to back the free falling local currency.
The launch of structured currency comes at a time when the Zimbabwe dollar plunged 72% since January 2024.
On his X handle, President Mnangagwa is confident that the structured currency would bring stability in the economy.
“Today, I toured and inspected the Reserve Bank’s gold reserves, a pivotal step in backing our new structured currency. This move reinforces our commitment to economic stability and lays the foundation for a prosperous future,” President Mnangagwa said.
Tomorrow,the new Reserve Bank of Zimbabwe governor Dr John Mushayavanhu will launch the structured currency and present the Monetary Policy Statement.