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*Govt To Continue Drip-feeding New Notes Into The Economy* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?lf Finance Minister Mthuli Ncube told Senators on Thursday last week that cash will continue to be released into the market in dribs and drabs to avoid sparking inflation. Ncube revealed this while responding to a question by Masvingo Senator Tichinani Mavetera (MDC Alliance) on what measures Treasury had put in place to deal with businesses demanding payment in foreign currency. He said: ---------- 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_ ---------- > If we put in all the cash that is needed in one moment, it will increase inflation sharply, but also, it may impact the exchange rate and even cause more inflation and so we are using a strategy called a swap, where we are swapping RTGS [real time gross settlement] balances for cash with the bank. Ncube also revealed that authorities intend to inject about $1 billion into the economy over time to make cash readily available. The Finance Bill will be brought before Parliamentarians and will have provisions and amendments of the RBZ Act to give more powers to the Reserve Bank of Zimbabwe (RBZ), said Ncube. *More: NewsDay* 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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