Zimbabwe government confused over preferred currency, says Mnangagwa

Government is not sure which currency to adopt as the  US dollar is giving headaches and the South African rand is out of the radar, Vice President Emmerson Mnangagwa has said.

"The US dollar is giving us a headache in terms of liquidity, if we adopted another currency except the dollar it is better to pick another currency, but certainly not the rand as it has its own challenges too," Mnangagwa said.

Mnangagwa begged people to embrace the yet to be introduced bond notes.

"As Zimbabweans, it is now time that we should start trusting each others' intentions.

" We want to assure business and the general populace that bond notes are not going to replace the multi-currencies basket. In fact, the notes are coming in as an incentive to our exporters who play the critical role of bringing the US dollar into the economy".

Bond notes imminent introduction have caused panic in the markets and faces resistance from ordinary Zimbabweans.

The is lingering suspicion that government is attempting to re-introduce the local currency through the backdoor.