Business

Latest on new Zimbabwe currency, Zanu PF whistleblower Acie Lumumba reveals more details

Zimbabwe social media activist and Zanu PF member Acie Lumumba whose real name is William Mutumanje has confirmed former Finance Minister Tendai Biti’s statements that government is set to introduce a new currency soon.

Said Lumumba:

I can confirm its true! New local currency on the way, there is a condition of securing reserves in place but I can confirm to you. It’s coming. Prepare yourself, don’t panic. At best they will delay, most likely not. Let’s wait for official comms.

This comes after former Minister of Finance and opposition politician Tendai Biti revealed that the government will introduce a new Zimbabwe currency this week.

It was revealed last month that the new currency was printed last year and is already in the vaults of the Reserve Bank of Zimbabwe waiting to be introduced this month.

Writing on social media 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 .That move is pure undiluted #insanity . An unbanked currency is just the #bond note by another name.

Considering the #harm and #damage inflicted on this economy by its Central Bank over the years to now, the question to be posed is, does Zimbabwe really need a Central Bank? In my submission, it can and will do without one .

— Agencies

Share

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Show Buttons
Hide Buttons

Adblock Detected

Our website depends on Advertisements. That is how we keep the lights on. We promise that the Adverts running on our site are neither invasive nor malicious. Please disable your adblocker so you can access our content