Zimbabwe Plans to Introduce Currency 'In Next 12 Months': FM Ncube

The video discusses the dynamics of the black market rate and its impact on currency stability, highlighting the role of fiscal policy and the introduction of a new currency regime. It explores theoretical economic debates involving Western economists and the need for infrastructure investment in Africa. The discussion also covers the central bank's role in setting interest rates and the anticipated introduction of a fully-fledged currency within 12 months.

What is the significance of establishing a reference rate in the context of monetary policy?

What are the expected outcomes of increasing interest rates by the central bank?