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*Removing Bond Notes Not The Solution, RTGS Balances Are The Problem- Mangudya* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?kc Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday said removing bond notes will not solve problems facing the economy. Addressing delegates attending the 2019 pre-budget seminar in Bulawayo, Mangudya said the problem is $10 billion electronic balances at banks, which are not backed by real money. Said Mangudya: ---------- *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 ---------- > In that amount only 4,5 percent are coins and notes, which is your bond notes and coins… therefore, if we remove them they won’t resolve the problem. The problem is about the 95,5 percent held as RTGS balances in your accounts. Where is it coming from? So, the question which we should be asking ourselves is where is this money coming from? That’s why we need to plug the holes not from the medium of exchange that you have taken away from the bank. The money in your account didn’t come from bond notes, not at all. *Also Read:* *I Will Not Resign, Bond Notes Have Been Successful As An Export Incentive: Mangudya* *RBZ Responsible For Economic Crisis, They Printed Bond Notes Worth Over 1 Billion – Zanu-PF Official* More: Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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