Repairing Zimbabwe’s economy: Tsvangirai gives verdict on Rand as legal tender

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Flag of Zimbabwe
Flag of Zimbabwe

Zimbabwe may need over US$5 billion as well as foreign direct investments to rebuild its economy, The Financial Times has reported. “As for the long-term economic recovery it has not been assessed . . . but I think it would run into billions of dollars, maybe as high as $5bn,” said Mr Tsvangirai. After reports that Zimbabwe would adopt the Rand as its legal tender, Prime Minister Tsvangirai announced to South African President Motlanthe that his country was rather considering the use of several currencies, insisting that “anything inhibitive for foreign direct investment” has to be reviewed.

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