News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*$50 Notes To Be Introduced In The Next Few Months - Mthuli* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?zs Finance and Economic Development Minister Mthuli Ncube said that the government will introduce higher currency denominations including a $50 note in the next few months. Ncube revealed this during an interview with Bloomberg TV on the sidelines of the World Economic Forum underway in Davos, Switzerland. He 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 ---------- > First of all, we are doing two things, we are injecting cash into the economy, drip-feeding the economy. But we want to do it in a non- inflationary way where we are changing electronic currency for physical cash. > Second thing, we are introducing higher denomination notes $10, $20 and $50 during 2020. > That is what we would be doing; introducing higher denominations notes to make sure that it’s easy for citizens to transact. That is going to happen in the next few months. The government banned the use of foreign currencies in domestic transactions in June 2019 but some businesses have continued to demand foreign exchange from their customers. Ncube acknowledged that retailers are still pricing in US dollars in their heads and translating that to domestic currency and this has reduced the purchasing power of wages. *More: Chronicle* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback