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Govt building gold and diamond reserves to back Zim dollar

7Β years agoFri, 28 Jul 2017 02:50:26 GMT
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Govt building gold and diamond reserves to back Zim dollar

Speaking during an advocacy meeting on the new Constitution that was organised by the Ministry of Justice, Legal and Parliamentary Affairs in Chiredzi, Vice-President Emmerson Mnangagwa revealed that Government is building gold and diamond reserves to back the re-introduction of the Zim dollar.

Said Mnangagwa:

We are building reserves of gold and diamonds which if they reach a certain level I will not tell you here, it will then allow us to introduce our own currency that will be backed by those minerals. I am not at liberty to disclose to you the level that we want those minerals to reach before they can back our own currency.

More: Herald

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