SENIOR STAFF WRITER
WITH the prices of basic consumer goods in the country beginning to hold steady — on the back of the stabilising Zimbabwe dollar — Finance minister Muthli Ncube has reiterated that the nation will stick with the local currency as its main trading unit, the Daily News reports.
“Madam Speaker, let us not get too fixated on dollarisation and de-dollarisation. That cannot be the heart of economic debate in Zimbabwe.“What should be the heart of economic debate is how stable our currency is. How can we make sure that our domestic currency becomes a store of value, not just something that is used for transacting.“Madam Speaker, there was a poll that was conducted to find out how many people had US dollars and Zim dollars in their pockets. Most of the Zim dollars are in your phones.“Everyone has a phone. So, I submit that we have more Zimbabwe dollars in this House than the US dollars. So, there is no need to talk about re-dollarisation in this country,” Ncube said.
“Madam Speaker, if you doubt what I am saying and you were to search all of us here, you will not find any of us with a single Zim dollar.“All of us in this room have US dollars, including the minister himself because the economy has refused (to accept the Zim dollar).“If you notice now the finance proposals that have been made by the minister in the last 12 months, they have all been following the USD,” Biti said.