{"id":3180,"date":"2019-02-05T16:01:21","date_gmt":"2019-02-05T16:01:21","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=3180"},"modified":"2019-02-05T16:01:21","modified_gmt":"2019-02-05T16:01:21","slug":"monetary-policy-review-to-address-forex-shortages-minister","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister","title":{"rendered":"Monetary policy review to address forex shortages \u2013 minister"},"content":{"rendered":"

THE Reserve Bank of Zimbabwe (RBZ) will address the country\u2019s biting foreign currency shortages in its monetary policy review which is expected later this month, a cabinet minister has said.<\/p>\n

Zimbabwe has long struggled with a serious foreign currency crunch with the problem lately manifesting in shortages of fuel and other imported basics such as medicines.<\/p>\n

Miners which need to import consumables and spare parts have also been affected with gold producer Rio Zim forced to temporarily close three of its mines last November.<\/p>\n

However, addressing, a mining conference in Cape Town, South Africa Monday, Zimbabwe\u2019s mines minister Winston Chitando said the RBZ would seek to alleviate the challenge.<\/p>\n

\n
\"\"<\/div>\n<\/div>\n

\u201cOne of the current challenges which the industry is facing relates to foreign currency retention,\u201d Chitando was quoted as saying by Reuters news agency.<\/p>\n

\u201cThe governor will over the next week or two come up with monetary policy intervention which would address that issue.<\/p>\n

\u201cThe issue of foreign currency is being addressed as we want to ensure the mining industry continues to grow.\u201d<\/p>\n

The minister added; At the end of the day it is an issue of balancing the needs of investors with the needs of the country\u2026<\/p>\n

\u201cThe issue of policy clarity and policy consistency is absolutely top.\u201d<\/p>\n

Government\u2019s insistence that the surrogate bond note and RTGS currency have the same value as the US dollar has also been blamed for confusion in money markets.<\/p>\n

In interviews ahead of the monetary policy review, economist urged the authorities to end denial over the issue.<\/p>\n

\u201cWe expect government to allow the market to determine the exchange rates and tackle issues that will not harm relations with the private sector.<\/p>\n

\u201cThe RBZ must also put in place mechanisms that assist in confidence restoration for the public to buy into policy measures,\u201d economic commentator John Robertson told NewZimbabwe.com recently.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

THE Reserve Bank of Zimbabwe (RBZ) will address the country\u2019s biting foreign currency shortages in its monetary policy review which is expected later this month, a cabinet minister has said. Zimbabwe has long struggled with a serious foreign currency crunch with the problem lately manifesting in shortages of fuel and other imported basics such as […]<\/p>\n","protected":false},"author":84,"featured_media":3190,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,8,35],"tags":[83,187,75],"class_list":["post-3180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-economy","tag-forex","tag-zimbawe-policies"],"yoast_head":"\nMonetary policy review to address forex shortages \u2013 minister - zimbabwe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monetary policy review to address forex shortages \u2013 minister\" \/>\n<meta property=\"og:description\" content=\"THE Reserve Bank of Zimbabwe (RBZ) will address the country\u2019s biting foreign currency shortages in its monetary policy review which is expected later this month, a cabinet minister has said. Zimbabwe has long struggled with a serious foreign currency crunch with the problem lately manifesting in shortages of fuel and other imported basics such as […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-05T16:01:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Monetary policy review to address forex shortages \u2013 minister\",\"datePublished\":\"2019-02-05T16:01:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister\"},\"wordCount\":317,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg\",\"keywords\":[\"Economy\",\"Forex\",\"Zimbawe policies\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister\",\"name\":\"Monetary policy review to address forex shortages \u2013 minister - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg\",\"datePublished\":\"2019-02-05T16:01:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg\",\"width\":800,\"height\":529},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Monetary policy review to address forex shortages \u2013 minister\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Monetary policy review to address forex shortages \u2013 minister - zimbabwe","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister","og_locale":"en_US","og_type":"article","og_title":"Monetary policy review to address forex shortages \u2013 minister","og_description":"THE Reserve Bank of Zimbabwe (RBZ) will address the country\u2019s biting foreign currency shortages in its monetary policy review which is expected later this month, a cabinet minister has said. Zimbabwe has long struggled with a serious foreign currency crunch with the problem lately manifesting in shortages of fuel and other imported basics such as […]","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister","og_site_name":"zimbabwe","article_published_time":"2019-02-05T16:01:21+00:00","og_image":[{"width":800,"height":529,"url":"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Monetary policy review to address forex shortages \u2013 minister","datePublished":"2019-02-05T16:01:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister"},"wordCount":317,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg","keywords":["Economy","Forex","Zimbawe policies"],"articleSection":["all news","Economy","head lines","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister","name":"Monetary policy review to address forex shortages \u2013 minister - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg","datePublished":"2019-02-05T16:01:21+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#primaryimage","url":"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg","contentUrl":"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/02\/Winston-Chitando_2.jpg","width":800,"height":529},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monetary-policy-review-to-address-forex-shortages-minister#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Monetary policy review to address forex shortages \u2013 minister"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/3180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/comments?post=3180"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/3180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media\/3190"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media?parent=3180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/categories?post=3180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/tags?post=3180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}