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Biti accuses RBZ of carrying out rogue money printing activities

by Staff reporter
25 Feb 2020 at 06:28hrs | Views
MDC Vice President and Harare East MP, Tendai Biti accused the RBZ of carrying out rogue money printing activities.

"For those the gods are about to destroy they first make mad. Law does not allow this," wrote Biti on Twitter.

"The eclectic application of the currency is a faux pas that shows beyond doubt that de-dollarisation was ill-thought process designed to benefit the few that use the Reserve Bank as personal account.

"Thanks to high fiscal deficits monetised through rogue money printing activities by the RBZ, the SMP (Staff Monitoring Programme) is dead and irredeemably dead. The mismanagement of foreign currency and monetary policy, corruption, lack of reforms and political banditry make Zimbabwe a basket case that should be avoided like a plague," said Biti.

Source - newzimbabwe