SADC expert explains Zimbabwe currency stabilisation measure

Head of policy and strategic planning at SADC, Professor Angelo Mondlane, has said Zimbabwe is not the first country in Africa to slash zeros in an attempt to stabilise its currency.

"We have seen it in Mozambique and Angola. It comes about because of the abnormal situation of war or political turmoil.

If it is a war, the solution is to stop the war first. If it is political strife, stop it and then undertake the necessary stabilisation and adjustment measures," Mondlane said. He said one of the main causes of inflation in Zimbabwe is that there is not enough goods in circulation.

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