Economics
Zimbabwe Leader Wants New Currency, IMF Loan in Revival Bid
- Government will also consider selling a Eurobond next year
- Country struggling to emerge from years of economic collapse
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Zimbabwean President Emmerson Mnangagwa and his finance chief want a new currency by March, would seek financing from the International Monetary Fund and may even consider a Eurobond offering as the struggling economy emerges from almost two decades of isolation.
The introduction of a new currency is crucial to his efforts to revive the economy, said Mnangagwa, who secured a five-year term in July elections after the military deposed Robert Mugabe in 2017.