Zimbabwe cbank welcomes adopting S. Africa rand currency idea

Zimbabwe's central bank governor has welcomed the idea of adopting S. Africa's rand currency as an anchor for virtually worthless Zimbabwean dollar, media said.

Zimbabwe cbank welcomes adopting S. Africa rand currency idea
Zimbabwe's central bank governor Gideon Gono has welcomed the idea of adopting South Africa's rand currency as an anchor for the virtually worthless Zimbabwean dollar, state media reported on Wednesday.

"Suffice to say that an anchor currency for the Zimbabwe dollar ... would act as a serious stimulus factor towards the much-needed stability of the Zimbabwean dollar and the economy in general and, (is) therefore most welcome," Gono told the state-owned Herald newspaper.

South African President Kgalema Motlanthe on Sunday said Zimbabwe could adopt the rand, but did not give details on the proposal.

Reuters
Last Mod: 11 Şubat 2009, 11:45
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