Government insists that the ban on the use of multiple
currencies will remain in place as it seeks to lower the cost of doing business
and get the economy functioning again after decades of uncompetitive pricing
due to expensive currencies.
Foreign Affairs and International Trade Minister Dr
Sibusiso Moyo said this in an interview with BBC World Service Newsday.
The news anchor, Shaimaa Khalil, sought to know if the
introduction of a local currency at this stage would be sustainable. Minister
Moyo said the move has stabilised the economy.
“The whole point is for you to understand the whole roadmap
from the time we introduced the US dollar and the multiple currencies that
depreciated the whole productivity and lowered exports in the country,” he
said.
Minister Moyo emphasized that it was important for Zimbabwe
to take its fate in its own hands by promoting exports to ensure foreign
currency inflows.
“It is a right of every sovereign nation to have its own
currency and it is a more organised way for exporters to have access to foreign
currency,” he said.
“In fact, this is a listening Government, what happens is
it is going to be painful getting the country out of two decades of going down.
“We are not looking at taking decisions and coming back,
but we are looking at improving the future for our people.”
Earlier, Dr Moyo had an interview with BBC Today Radio with
anchor Michal (Mitchel) Hussain where he explained that the new dispensation
under President Mnangagwa took media reform very seriously and that away from
just media law reforms, it was investigating any reported cases of abuse of
journalists and reforming the police force to modern ways of policing.
Minister Moyo has a very busy re-engagement, trade and
investment meetings on the sidelines of the Global Conference on Media Freedom
currently underway in London.
He is expected to add Zimbabwe’s voice to the conference on
what it is doing to reform the media sector along lines of international best
practice. Herald
0 comments:
Post a Comment