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*RBZ governor speaks on the return of the Zim dollar* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?au Reserve Bank of Zimbabwe governor Dr John Mangudya told The Sunday Mail that the Zimbabwean dollar would only be reintroduced when sound foreign exchange revenue was guaranteed. He said monetary authorities would not “force bond notes on anyone”, adding that the notes would constitute just three percent of money in circulation. An independent panel will oversee issuance of the bond notes. He said, > Zimbabweans should understand that introduction of bond notes doesn’t mark the return of the Zimbabwe dollar through the back door. We can’t just say the Zimbabwe dollar has returned when we haven’t achieved the macro-economic fundamentals or conditions that allow us to use our currency. He also added, ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > Key economic fundamentals or conditions for the return of the local currency involve balancing the export bill against the import bill for over a year. This means the economy has the capacity and ability to generate foreign exchange to meet its domestic and foreign requirements, development and promotion of foreign exchange revenue streams. Without this, there’s no way we are going to return to the Zim dollar. If Government has a balanced and sustainable budget, that way we will be able to return to our local currency. There is fear the Bond Notes will mark the return of the Zimbabwean dollar and the 2008 era. More: Sunday Mail _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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