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THE recently proposed currency changes, intended to underpin the Zimbabwe dollar with assets, will come to nought, given that country lacks sufficient reserves . ....
THE recently proposed currency changes, intended to underpin the Zimbabwe dollar with assets, will come to nought, given that country lacks sufficient reserves to support the local unit, an independent advisory has said. Finance minister Mthuli Ncube recently hinted on currency reforms that will see the exchange rate linked to a hard asset as part… ....
A currency board is the effective pegging of a country’s currency against that of another. It is put into effect through the holding of the later currency as reserves. ....