Zim Dollar Introduced This Week, Former Finance Minister Says

Zim Dollar Introduced This Week, Former Finance Minister Says 1
Zim Dollar Introduced This Week, Former Finance Minister Says 2

By Dorrothy Moyo| Former Finance Minister, Tendai Biti alleges that the Reverse Bank is this week introducing the Zim dollar.

Writing early Monday morning, Advocate Biti said, “the regime will this week introduce a new Zimbabwe currency not backed by any reserves & without the context of structural reforms which a prerequisite of currency reform.”

He added criticising the move saying it is undiluted insanity. He said, “that move is pure undiluted insanity. An unbanked currency is just the bond note by another name.”

A comment from the RBZ was not possible at the time of printing.

If our services have assisted you, our work would be much more secure with your help – For as little as £5, you can support ZimEye – and it only takes a minute. 

Source: Zimeye

Related posts

Leave a Comment