No return of Zimdollar, not in under 20 years

Finance minister Patrick Chinamasa yesterday rule out the return of the Zimbabwe dollar despite the introduction of bond coins to mitigate change related challenges and offer competitive pricing for goods.

Appearing before the parliamentary committee on Finance and Budget in the capital, Chinamasa said a local currency would only be introduced after the demonetization of the old currency, a process yet to be kick started.

Chinamasa's assurance came barely a week after the Reserve Bank governor John Mangudya told editors from both the public and private media that the Zimbabwe currency would not return in the foreseeable future, hinting that it might even take over 20 years for it to resurface.