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*Zimbabwe Now Printing More Money, Mthuli Ncube Reveals* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?sm Zimbabwe’s finance minister Mthuli Ncube has revealed that Zimbabwe is now printing more money. The minister said on Twitter today that the objective is to raise funds for an $18 billion economic stimulus package. ---------- *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 ---------- Said Ncube: > Global Financing Facility discussion: I explained Zimbabwe’s $18 billion economic stimulus package. The package includes a combination of fiscal measures and budget re-prioritization, and monetary measures in the form Quantitative Easing and lowering lending rates. Quantitative Easing is a monetary policy whereby a central bank injects money into an economy. It is generally considered to be an unconventional form of monetary policy. President Mnangagwa announced the $18 billion stimulus package on 1 May. The objective of the package is to mitigate the negative impact caused by the novel coronavirus on the national economy. Mnangagwa said the package is equal to 9 percent of the country’s Gross Domestic Product (GDP). The government has long been accused of printing more money and thereby fueling inflation. Earlier this week, an opposition politician, Tendai Biti, accused the government of generating salaries through an “RTGS Ponzi scheme“. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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