GOVERNMENT has set up a broadly constituted taskforce to
implement a package of policy measures meant to stabilise the exchange rate and
reduce inflation.
Finance and Economic Development Minister professor Mthuli
Ncube told journalists on Tuesday and bankers that the taskforce will be
spearheaded by his ministry and the Reserve Bank of Zimbabwe and will include
members of the Monetary Policy Committee and Presidential Advisory Council.
The policy measures to be implemented by the taskforce
include foreign exchange management, introduction of managed exchange rate
system as well as support measures relating to money supply, liquidity
management and interest rates.
This comes against the backdrop of exchange rate volatility
which has driven black market rates to as much as US$1 to $40 in the past few
days leading to price hikes and inflation increase. Herald
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