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*Think Tank Advises Govt To Form A Currency Board* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?fp International think tank, Invictus Securities has advised the government which wins the July 30 harmonised elections to establish a currency board in order to restore confidence in the financial system. In its review of the first half of 2018, Invictus Securities says, > Given the breakdown in trust and confidence in the RBZ during the Zimbabwe dollar era, a solution would be to replace the RBZ with a currency board, which will issue notes and coins with its monetary liabilities backed by a foreign reserve currency (the anchor currency) which will be freely tradable at a fixed rate on demand. > The currency board will hold reserves equal to 100 percent or more of the notes and coins in circulation. The main distinction between the currency board and the central bank is that a typical central bank can increase or decrease the monetary base at its discretion. More: Financial Gazette ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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