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*RBZ calls on Govt to adopt bond notes as primary currency, says Rand won't solve cash crisis* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?cy Speaking during a public lecture at the National University of Science and Technology in Bulawayo last week, Reserve Bank of Zimbabwe (RBZ) director Economic Research Simon Nyarota said the country should adopt bond notes as a primary currency to solve the cash shortages and solve economic challenges.|s He also said calls for the formal adoption of the South African rand as an anchor currency were not going to solve the country’s biting cash shortages. Said Nyarota: ---------- *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 ---------- > The country needs to buttress the multi-currency regime with bond notes towards a full currency board arrangement as part of a de-dollarisation agenda. To migrate to a full currency board, the country needs to cover 100 percent of base money which currently stands at around $1,1 billion with foreign currency reserves. However, economic consultant Ashok Chakravati told the Daily News that rand adoption could also reduce foreign currency leakages that are largely blamed for the current cash-crisis. Economic analyst, Vince Musewe who is also People’s Democratic Party economic affairs secretary concurred with Chakravati. More: Daily News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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