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*RBZ Has Worsened The Problem - Global Economist Hanke Comments On RTGS Dollars* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?rt Global economist Professor Steve Hanke Commented on today’s move by the RBZ to introduce a new currency that combines Bond Notes, Bond Coins and RTGS Balances. He believes the RBZ has just compounded the problem: ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- > Zimbabwe’s Min. of Fin. Mthuli Ncube has just officially blessed a huge devaluation in Zim quasi currencies and said they will float. He should have added that they won’t float on a sea of tranquility, but sink. > With the creation of RTSG dollars, which are simply composed of RTGS balances, bond note and bond coins, the Reserve Bank of Zimbabwe has changed nothing. Bond notes and RTGS$ are cancerous and must be removed from Zimbabwe‘s monetary system. > By combining bond notes and RTSGs into RTSG dollars, the Reserve Bank of Zimbabwe has only compounded the problem. Instead of adding another currency to its shell game, it should have gotten rid of its quasi-currencies all together. *Related:* *Download: Full RBZ Monetary Policy Statement PDF (February 2019)* *RTGS Dollar Spells Doom For The Economy – Biti* *FULL THREAD: RTGS Dollar A Precursor Of A Physical Local Currency – Magaisa* *Economist Lauds RBZ For Introducing A New Currency, The RTGS Dollar* *Frequently Asked Questions (FAQ) On RTGS Dollars* *How People Reacted To Introduction Of “RTGS Dollars”* More: Prof Steve Hanke on Twitter 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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