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*Selling and buying of cash blamed on inefficiency of RTGS system* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?le Economist and academic, Tony Hawkins has blamed the ill-functioning RTGS system for the buying and selling of cash. Hawkins said people were willing to buy cash at a premium because the RTGS system was not functioning properly. He also accused banks and the Reserve Bank of Zimbabwe of using people ‘s money without any regard for the clients. Speaking at the Confederation of Zimbabwe Industries Economic Outlook Symposium Hawkins said: ---------- itel A70 256GB $99USD WhatsApp: https://wa.me/+263715068543 Calls: 0772464000 ---------- > It is not the bond note that is problem. It is what I call “Mangudya money” or RTGS money or whatever you want to call it, which you cannot get in the system. The deposits are our money, but apparently, the Reserve Bank of Zimbabwe (RBZ) and banks feel that they can use it any way they want. Now, there is less than $70 million in the system. More: Newsday _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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