Fake letter on Zimdollar return an attempt to smear Mukupe

Government will not introduce a local currency before establishing the right and necessary import cover, Finance and Economic Development Deputy Minister Terrence Mukupe has said.

Addressing a public lecture organised by the Zimbabwe Congress of Students Union at Chinhoyi University of Technology during the weekend, Deputy Minister Mukupe said although the bond notes had outlived their fundamental purpose it was primarily premature to re-introduce the Zimbabwe dollar.

The bond notes were introduced in 2016 as a way of bringing liquidity and economic stability in the economy.

Deputy Minister Mukupe said Zimbabwe would have its own currency before President Mnangagwa completes his first five-year term. However, people who want to create alarm despondency and fear have been busy forging Mukupe's signature and circulating fake letter claiming the government will introduce the Zimbabwean Dollar on 9 July 2018.