Tendai Biti condemns the introduction of a new currency

Zimbabwe is set to have a new currency next month.

A member of the newly appointed monetary policy committee Eddie Cross has revealed that the new currency will be introduced next month (November) in a move set to curb cash shortages in the country.

Mr Cross, a renowned economist described last week’s events which saw the exchange rate shooting through the roof as unfortunate.

He commended President Mnangagwa for taking a bold decision to freeze accounts of companies suspected of fueling the instability of exchange rates, saying what is needed now is to act on such economic saboteurs.

Many Zimbabweans have reacted towards this recent news including former finance minister who said the below: