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*Stop Printing Money In Order To Save The Economy: CZI Advises RBZ* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?wk The Confederation of Zimbabwe Industries (CZI) has called on the Reserve Bank of Zimbabwe to stop printing money through the RTGS system. CZI warned that such actions resulted in inflation and destabilisation of the economy. ---------- *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* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- Jimmy Psillos, chairperson of the economics and banking committee at CZI said: > We have a large pool of RTGS liquidity, $2 billion in RTGS. > What can we do with this RTGS liquidity? What instruments can we invest in so that we can guarantee the market that RTGS liquidity is frozen at some level and it gives people confidence? We can control RTGS liquidity. Why are people worried? There is a lot of uncertainty and the reason is inflation (created by the RTGS balances). > In recent years, inflation has mounted, so people are worried. We know what price controls do, we had a downward spiral. So there is uncertainty about the future — the government revenue, the government deficit. This is what has frightened people. More: Financial Gazette _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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