Zim finmin Mthuli Ncube changes mind on currency

PUBLISHED: Mon, 01 Jul 2019 11:01:38 GMT

Individuals will be allowed to withdraw cash U.S. dollars from foreign currency accounts but companies will be limited, Zimbabwe’s Finance Minister Mthuli Ncube told lawmakers in parliament. Zimbabwe made its interim currency, the RTGS dollar which is the country’s sole legal tender, ending a decade of dollarization and taking another step towards relaunching the Zimbabwean dollar. Batanai Matsika, Head of Research at Morgan and Co joins CNBC Africa for more.

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