THE Reserve Bank of Zimbabwe (RBZ) is set to unveil the Monetary Policy Statement (MPS) hinged on a structured currency to provide a lasting solution to exchange rate volatility bedevilling the economy.
THE Reserve Bank of Zimbabwe is set to unveil the Monetary Policy Statement hinged on a structured currency to provide a lasting solution to exchange rate volatility bedevilling the economy.
"We are expecting monetary policy anytime soon. Currently, we are finalising measures to roll out what the President said in terms of the Structures Currency. This is so that we can have guaranteed price stability and stability of the exchange rate. It combines the flexibility of fiat money with the intrinsic value and stability of commodities such as gold or any other precious metals. Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver.
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