Zimbabwe needs to strengthen multi-currency regime

Zimbabwe needs to strengthen the multi-currency regime through increased production instead of introducing bond notes, analysts have said.

Zimbabwe needs to re-open and resuscitate ailing industries and kick-start production to create more employment as the country is running out of production capacity, they added.

At a public lecture jointly organised by Alpha Media Holdings, Africa University and RBZ, stakeholders said some banks were no longer issuing US dollar notes, while others have run out of bond notes.

Another Africa University lecturer, Solomon Mungure, said the country should not focus on bond notes, but instead on acquiring equipment to produce goods.