Government Speaks On Eddie Cross’s New Zim Currency Statement

Alvine Chaparadza

4 October 2019

Secretary for Information, Nick Mangwana issued a statement concerning remarks by former legislator and Economist, Eddie Cross about the introduction of a new currency next month. In the statement, government only said that Eddie Cross is not the mouthpiece of the Government nor RBZ (so we shouldn’t listen to him) but surprisingly it didn’t deny nor confirm that there’s a new currency that’s going to be introduced next month – which leads to several conclusions. Here’s the statement:

Also read: RBZ Will Replace Bond Notes With New Zim Dollar Notes & Coins – Bloomberg

Also read: RBZ Left EcoCash Better Off Than They Were Before Cash-in & Cash-out Ban

Finance, Media

3 comments

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Marvi

4 October 2019 13:27

so they didn’t deny it isn’t it..

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Mathuthu Tau

4 October 2019 17:32

Whether you drop an egg on top of the stone or the vice versa the
result are the same. As long as we can not do away with corruption new currency can not do away with it.

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Martin

5 October 2019 07:27

Wasting money printing new notes. Why not just print more bonds with a higher denomination than 5bond? Makes sense since the value of the bond and the new money will be the same.

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