MTHULI NCUBE : DOLLARISATION WAS A BIG MISTAKE

Dollarisation was a big mistake as it took away the country’s monetary autonomy and made industry uncompetitive, Finance and Economic Development Minister Mthuli Ncube said yesterday. Besides, bringing enough US dollar bills was costing the country over US$300 million annually, making the dollarisation process unsustainable. Although the multi-currency system brought short-term stability after