With move to kill prime rate and adopt Zaronia now stuck, Treasury warns of crisis

Author: Garth TheunissenPublished on: September 30, 2026Country: South Africa
Business & Economy
With move to kill prime rate and adopt Zaronia now stuck, Treasury warns of crisis

The Treasury warns that an attempt to eliminate the prime rate and adopt the Zaronia currency is currently stuck, risking an economic crisis. The decision to change monetary policy is on hold, endangering financial stability. Government and financial institutions fear serious repercussions if the situation is not resolved quickly.

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