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*It's Time For Mthuli Ncube To Resign, Says Hanke* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?fv American economist Steve Hanke says Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion should resign as he has failed to turn around the country’s economic fortunes. The Johns Hopkins professor on Monday said Zimbabwe’s inflation was the highest in the world at 1 397%, 38.80% more than his last reading. He said: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > Welcome to Zimbabwe, home to the world’s highest inflation rate – a stunning 1 397%/yr. It’s time for Finance Minister Mthuli Ncube to resign. Zimbabwe’s economic woes have worsened since Ncube was appointed Treasury boss more than five years ago. The United States dollar now dominates domestic transactions, while the Zimbabwe dollar now trades at ZW$18 000 per US$1 on the parallel market. Ncube hiked various taxes and introduced new ones in the 2024 national budget and this has resulted in massive price hikes and the erosion of workers’ salaries, particularly civil servants. President Emmerson Mnangagwa recently hinted at a raft of policy changes that he said were meant to arrest the RTGS dollar’s massive devaluation and halt the country’s gravitation towards full dollarisation. More: Pindula News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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