Zimbabwe: RBZ Moves to Salvage ‘Fragile’ ZWG Ahead of Monocurrency Plans

The Reserve Bank of Zimbabwe (RBZ) on Thursday upheld the tight Monetary Policy stance as a strategy to conserve the local currency.

Presenting the Mid-Term Monetary Policy Statement (MPS), premised under the theme “Walking The Talk And Staying The Course,” the central bank governor, Dr John Mushayavanhu, once again stated that the bank was receiving widespread acclaim for its sustained exchange rate stability.

The RBZ projected inflation to end the year at around 30%, giving a positive real…