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*Think Tank Advises Govt To Form A Currency Board* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?uz International think tank, Invictus Securities has advised the government which wins the July 30 harmonised elections to establish a currency board in order to restore confidence in the financial system. In its review of the first half of 2018, Invictus Securities says, > Given the breakdown in trust and confidence in the RBZ during the Zimbabwe dollar era, a solution would be to replace the RBZ with a currency board, which will issue notes and coins with its monetary liabilities backed by a foreign reserve currency (the anchor currency) which will be freely tradable at a fixed rate on demand. > The currency board will hold reserves equal to 100 percent or more of the notes and coins in circulation. The main distinction between the currency board and the central bank is that a typical central bank can increase or decrease the monetary base at its discretion. More: Financial Gazette ---------- *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 ---------- _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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