Zimbabwe – 24 June 2016

Cash-strapped Zimbabwe rejects single currency regime

The Zimbabwean government would not adopt a sole official trading unit. According to the Finance and Economic Development Minister, Patrick Chinamasa, the government would maintain a multi-currency regime.

‘‘We do not intend to adopt a single currency, but we will continue to bolster the strength of the multi-currency system,’’ the minister said.

This is according to Zimbabwe’s Herald news website, who report that the Minister made the disclosure when he was presenting a ministerial statement on the economy and the pending introduction of bond notes.

Africa News


 

China to Build New Parliament for Zimbabwe – Free of Charge

A Chinese envoy has handed over construction plans for a new parliament building to President Robert Mugabe.

State radio is reporting that China plans to build the new parliament just outside Harare at no cost to Zimbabwe.

The state ZBC is reporting that a special envoy of Chinese president Xi Jinping handed over the construction plans to President Mugabe yesterday.

The new parliament building is planned for Mount Hampden, 18km west of the capital.

EWN