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Zanu PF MP wants Zim Dollar back
29 Aug 2017 at 08:12hrs | Views
A Zanu-PF MP, Terence Mukupe, has said he is one of the people in the country who will opt for the reintroduction of the local currency and the removal of the bond notes.
Mukupe posted on Facebook that it was better to have a local currency than to have the bond notes which are rated at par with the United States of America dollar.
"I'm for the abolishment of the bond note and the return of the Zim dollar and the setting up of an independent currency board... My simple math would place the Zim dollar at a rate of US$1 to ZW$46," he said.
The remarks come at a time when the country faces serious cash crisis as the banks are failing to copy with the demand for cash.
Mukupe posted on Facebook that it was better to have a local currency than to have the bond notes which are rated at par with the United States of America dollar.
"I'm for the abolishment of the bond note and the return of the Zim dollar and the setting up of an independent currency board... My simple math would place the Zim dollar at a rate of US$1 to ZW$46," he said.
The remarks come at a time when the country faces serious cash crisis as the banks are failing to copy with the demand for cash.
Source - Byo24News
