Reserve Bank Governor, Dr John Mangudya has said that Zimbabweans have gone through a difficult time this year which can be made easy by improving foreign currency supply.
He made these remarks during an interview with News Day Business reporter, Tatira Zwinoira during which he discussed plans to stabilise the Zimbabwe dollar which was reintroduced this year.
Responding to Zwinoira’s question on the quantity of foreign currency that is enough to sustain the local currency, Mangudya said that the country needs about US$520 million on a monthly basis but is currently earning around US$490 million.
