Mnangagwa Govt Considering Creative Ways To Solve Cash Crisis

President Emmerson Mnangagwa urged Zimbabweans to embrace plastic money as his Government comes up with creative ways to deal with the cash crisis.

Mnangagwa said this while officiating for the first time at the burial of a national hero in his capacity as President at the National Heroes Acre yesterday. He said Government has released millions of United States dollars into the market but these have been siphoned out. Said Mnangagwa:

I am aware that our people continue to face hardships linked to shortages of cash in the economy, all to back up and complement their buying power. My Government remains fully seized with the matter. We have to date released millions of United States dollars into the market for circulation to ease this problem, however, as soon as the money is injected into the system, it is ‘sponged’ out. More creative ways of comprehensively tackling this problem, both in the short to medium term are being considered. Meanwhile, I encourage us to increase our usage of plastic money, in line with global trends.

More: Herald