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*New Zim Currency To Be Introduced This Week - Tendai Biti* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ek The former Minister for Finance, Tendai Biti said that the government of Zimbabwe is set to introduce a new currency this week. Biti, who is also the MDC Alliance national vice-chairperson wrote on Twitter that such a move will be pure insanity. Said Biti: > 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 . That move is pure undiluted #insanity . An unbanked currency is just the #bond note by another name. > There is no country in the world that has involuntarily dollarized that has ever succeeded in de -dollarizing. Zim will not be the 1st .Whilst a currency is about fundamentals ,ultimately the most important fundamental is confidence There is absolutely no trust in this regime. > Considering the #harm and #damage inflicted on this economy by its Central Bank over the years to now , the question to be posed is, does Zimbabwe really need a Central Bank? In my submission, it can and will do without one. Biti’s claims that a new currency shall be introduced this week, however, have not been confirmed by the government. It remains to be seen if the government will comment on those sensational claims. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- *Related:* *New Currency To Be Introduced Within The Next Month – Report Claims* *More: Tendai Biti Twitter Page* 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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