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*To Reintroduce Zim-dollar, We Need 6 Months Import Cover- Mthuli Ncube* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ru Responding to questions on the issue during a dialogue at Chatham House in London on Monday, Minister of Finance and Economic Development, Professor Mthuli Ncube said if Zimbabwe wants to reintroduce the Zim-dollar it needs six months import cover. Said Ncube: ---------- *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 ---------- > If we want to introduce the ‘Zim-dollar’, you need six months import cover, the monetary policy has to be in place. So, you can see the dilemma. Ncube also admitted the United States Dollar is not equal to the Bond Note or the Real Time Gross Settlement (RTGS) electronic dollars. This is in stark contrast to Reserve Bank of Zimbabwe (RBZ) governor John Mangudya who insisted that the money is at par despite the fact that he ordered banks to separate bank accounts into Nostro Foreign Currency Accounts (FCAs) and RTGS FCAs. *Also Read:* *Bond Note Not Equal To USD, Will Need To Be Demonetized – Mthuli Ncube* *42 Percent Of Zimbabweans Prefer Return Of Zim Dollar: Afrobarometer* *New Finance Minister Speaks On Zim Dollar Return, Clearing International Debt, Building Credit Lines* More: Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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