No country can develop without its own currency, President Mnangagwa said yesterday while defending economic policies adopted by the Government to revive the economy.

The President was speaking at the Second Zanu-PF National Youth League Assembly meeting at the party’s headquarters in Harare.

Giving a brief economic overview, he urged the youths to embrace the journey to Vision 2030, stressing that success could only come through hard work.

“The course we have taken as a party and Government to resuscitate and reform our economy is the correct one, never doubt that,” he said.
“We must strengthen our resolve to correct wrong decisions we made with regards to our economy. No country can succeed, grow or modernise without its own currency.

The issue of a basket of currencies we introduced towards the end of 2009, the culprits were me and (Patrick) Chinamasa and a few others. It worked for the purposes it was created but now under the Second Republic we want to move forward and be a sovereign State with its own currency.”

He said Government reintroduced the Zimbabwe dollar in June as part of wider efforts to grow the economy after its collapse, largely due to illegal sanctions.

“So we are in transition. It can never be an event, but a process. I am happy that process is stabilising and we continue to be focused on the goals we have set for ourselves to have our economy back on its feet and that all the fundamentals required to support our currency are put in place to achieve our desired goal of having the Zimbabwe we want,” President Mnangagwa said.State media