Zimbabwe’s central bank said Monday it is encouraged by the positive de-dollarization process that has been taking place since the country banned use of multiple currencies in June last year.
Reserve Bank of Zimbabwe Governor John Mangudya said it could take up to five years for the country to completely de-dollarize, noting that foreign currency deposits as a proportion of money supply went down from about 50 percent to 37 percent by Dec. 31, 2019.
He was presenting the…
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from : www.newzimbabwe.com