Mthuli Ncube Explains The Emergence Of The Current Exchange Rate

By Own Correspondent| Finance minister Mthuli Ncube has clarified the emergence of the exchange rate between local currency and the United States dollar.

Ncube said this while presenting the State of the Economy Report before the 9th parliament, Thursday.

He said:

“Therefore the rtgs dollars through the statutory instrument became a new reference currency for the country; this effectively created and exchange rate between the US dollar and the local currency.”

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