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No Forced US Dollar Conversion, Treasury Assures Zimbabweans Ahead Of Mono-Currency Shift
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iHarare News
No Forced US Dollar Conversion, Treasury Assures Zimbabweans Ahead Of Mono-Currency ShiftThe Government has pledged that Zimbabweans will not be forced to convert their United States dollar savings into local currency when the country eventually transitions to a mono-currency system, offering fresh assurances aimed at boosting confidence in the economy.
Treasury Secretary George Guvamatanga said foreign currency accounts, exporters’ earnings and diaspora remittances would remain protected, stressing that authorities had no plans to interfere with legally held foreign currency balances.
We are not going to convert all foreign currency into local currency.
You can keep your foreign currency and continue to hold it in your foreign currency account,” he said.
“When we eventually move to a mono-currency system, we will not interfere with people’s foreign currency holdings.”