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*"You Don't Understand The Environment We're Working On" RBZ Tells Parly* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vt Dr Khuphukile Mlambo, deputy governor of the Reserve Bank of Zimbabwe has claimed that the environment in which the central bank operates compel them to act the way they do. He was responding to questions from the Public Accounts Committee (PAC) chair and former Finance Minister, advocate Tendai Biti during a PAC hearing on Thursday. ---------- 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_ ---------- Biti had asked why the central bank had issued Treasury Bills (TBs) in violation of the provisions of the Management Act, Budget and the Procurement Act. In response, Mlambo said: > RBZ was acting basing on the current political-economic environment which constrains us and it is something we cannot ignore. > We care about Zimbabwe. There is no official that does not operate under such any environment the world over. > You do not understand the environment that we are working on. It is unfair to condemn us. We operate on a particular political environment. It leads us sometimes to make mistakes. Auditor General’s report suggests that the RBZ issued US$106 million worth of TBs to Sakunda Holdings, twice within a period of four days, but were later omitted in accounting books. More: New Zimbabwe 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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