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*The RTGS$ Is Self-destructing, Sinking Like A Pebble In Water - Steve Hanke* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ka An American applied economist at the Johns Hopkins University in Baltimore, Maryland, Steve Hanke claims that Zimbabwe’s local currency, the RTGS$ is self-destructing. Hanke added that when Finance and Economic Development Minister, Mthuli Ncube gave the go-ahead for the devaluation of the currency, he should have advised the public that its value will plummet. Writing on Twitter on Friday, Hanke said: ---------- *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) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > In Zimbabwe, fuel prices have shot up as the RTSG$ continues to self-destruct. When #Zimbabwe’s Min. of Fin. #Ncube blessed the devaluation of Zim’s quasi-currencies, he should have added that the RTSG$ wouldn’t float on a sea of tranquillity, but sink. RTGS Dollars are a Zimbabwean currency introduced on 20 February 2019 by the Reserve Bank of Zimbabwe. At introduction, the currency consisted of existing RTGS balances in bank accounts, Bond Notes cash and Bond Coins. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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