Home LOCAL NEWS Govt To Introduce Local Currency This Week, Former Finance Minister Says

Govt To Introduce Local Currency This Week, Former Finance Minister Says

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Govt To Introduce Local Currency This Week, Former Finance Minister Says

Former Finance Minister, Tendai Biti alleges that the Reverse Bank is this week introducing the Zim dollar.

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Writing early Monday morning, Advocate Biti said, “the regime will this week introduce a new Zimbabwe currency not backed by any reserves & without the context of structural reforms which a prerequisite of currency reform.”

He added criticising the move saying it is undiluted insanity. He said, “that move is pure undiluted insanity. An unbanked currency is just the bond note by another name.”

A comment from the RBZ was not possible at the time of printing.

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