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*Govt could default on its Treasury Bills payment obligations* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ro Parliamentary Budget Office has warned that the Government could default on its Treasury Bills payment obligations on maturity. Currently, TBs worth $2,5 billion have been issued to the market. Part of the report reads: ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > The TBs are creating more fictitious money than what is necessary. With commercial banks becoming increasingly fearful, and rightfully so, about the potential for TBs default, banks have smartly preferred to hold onto physical US dollar, limiting withdraws and international card transactions. The TBs face further potential mark downs with the new accounting procedures under the International Financial Reporting Standards 9 rules that will take effect on January 1 next year. However, economist Brains Muchemwa dismissed the warning by the Parliamentary Budget Office. More: Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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