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*Zimbabwe needs $800 million to end bank queues says RBZ* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?on Deputy Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Kupukile Mlambo has said that Zimbabwe needs at least $800 million to plug the cash shortages and end bank queues. Speaking in Bulawayo on Thursday last week, Dr Mlambo said ---------- *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 ---------- > In Zimbabwe, with bank deposits of $6 billion we would need between $600 million and $800 million at any one time then all the queues will disappear. We need to be more productive as a country and increase our exports to generate more foreign currency. > The tobacco sector is one of our biggest earners of foreign currency and as a country that does not have its own currency, our main source of currency is exports. We have put in place incentives to encourage the production of tobacco. More: Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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