Zimbabwean President Emmerson Mnangagwa hinted that the authorities will soon announce steps to halt a plunge in its currency, which is the world’s worst performer against the dollar this year.
“We shall soon be announcing the introduction of our structured currency,” Mnangagwa said Tuesday at his first cabinet meeting of the year in the capital, Harare. The nation’s fiscal and monetary heads are working on a raft of policy measures to arrest price increases, stabilize the currency and encourage savings, he said, without providing further details.
