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*FULL THREAD: Biti Slams Voodoo Economics, Demands That RTGS$ Be Scrapped* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?to > It is now 5 weeks since the Monetary Policy was announced on 20 Feb. During this period, as we foresaw market disequilibrium has increased with the parallel exchange rate firming up to 4.5.T he fixed exchange rate of 2.5 has failed & foreign exchange shortage is huge. > Foreign exchange shortages have seen the return of massive fuel queues across the country. So too are shortages of drugs in hospitals. The disastrous refusal to pay tobacco farmers full US$ auction prices is a by-product of the failed cataleptic Monetary Policy Statement. > The RTGS$ is a failed fraud. One can not have an unbaked currency in the context of a terrible current account deficit where import reserves are less than a week’s cover. RTGS$ is a serious devaluation of people’s savings. It is voodoo economics from a clueless cruel cult. > The solution lies in re-dollarizing the economy protecting people’s balances, scrapping the RTGS$ idiocy & joining RMU in the long term Solution lies in dealing with the crises of legitimacy, of confidence & trust deficit. Emmerson & his lot have failed & failed absolutely. Related: Govt Will Raid Foreign Currency Accounts: Tendai Biti Warns Biti Calls Mangudya, Mnangagwa Highway Robbers And Bandits ---------- *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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