Polad to convene Currency Indaba

Gweru (New Ziana) – The Political Actors Dialogue (Polad) will next Thursday host a Currency Indaba in Harare which is aimed at coming up with strategies and ways of curbing hyperinflation.

The Currency Indaba is part of efforts to find ways of stabilising the local currency and consolidating macroeconomic stability.

Polad principal Trust Chikohora said President Emmerson Mnangagwa is expected to officially open the Polad Currency Indaba to be graced by various stakeholders.

The main thrust of the Currency Indaba is to come up with strategies to deal with issues of the currency market and tame inflation in order to achieve economic growth as spelt out in the country’s Vision 2030.

“We will engage various stakeholders to deal with the issues of currency market to see what solutions can be suggested in order to have stability in the market so that when we achieve stability in the market, we can also achieve price stability,” said Polad economic thematic committee chairperson.

In attendance will be the Reserve Bank of Zimbabwe, Ministry of Finance, Zimbabwe Stock Exchange, Bankers Associations among others.

“Zimbabweans will be able to put their heads together to come up with solutions for our nation’s currency challenges we are currently facing,” he said.

President Mnangagwa has said the renewed assault on the local currency manifesting through the current wave of unjustified price hikes of basic goods and commodities, and exchange rate manipulation is another illegal regime change tool being used by the country’s detractors.

He said the increasing resistance to the Zimbabwe dollar was being sponsored by economic saboteurs whose end was nigh.
New Ziana