Thursday, February 26, 2009

Zimbabwe Should Fix Value of Currency to the Rand, Mugabe Says

By Antony Sguazzin
Feb. 26 (Bloomberg) -- Zimbabwe should consider fixing the value of its currency to the South African rand, President Robert Mugabe said, according to the state-controlled Herald newspaper.
``Personally, I think we should revalue the Zimbabwe dollar in a manner that fixes its relationship with the rand for a while,'' he said in an interview with the Harare-based newspaper. ``We will protect it for a while, for a while as we increase production. But we should protect it.''

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