No rand for Zim

Weekend Argus (Saturday Edition) - - FRONT PAGE -

GABORONE: The Re­serve Bank of Zim­babwe (RBZ) has ruled out the adop­tion of the South African rand or join­ing the sub-re­gional Rand Mon­e­tary Union, cit­ing the volatil­ity of the cur­rency. Ad­dress­ing a Na­tional Eco­nomic Con­sul­ta­tive Fo­rum meet­ing in Harare , RBZ deputy gov­er­nor Dr Khu­phuk­ile Mlambo said while the US dol­lar was not an ideal cur­rency on ac­count of the nu­mer­ous “headaches” that came with it, adopt­ing the rand car­ried more risks.

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