Zimbabwe can easily end the present cash crisis the country is experiencing by introducing bond notes because they will be used in the country only and cannot be exported, Vice-President Emmerson Mnangagwa told Parliament yesterday.
Responding to a question by Paurina Mpariwa of the Movement for Democratic Change on how the government was going to tackle the cash crisis in the country, Mnangagwa said there were only four ways to raise money.
“You cannot get money into the country through any other means besides these four stated means,” Mnangagwa said.
“Stemming from that, we have great thinkers who have suggested that as Zimbabwe, we should not use FDI to buy things like matohwe but to introduce a new monetary system such as the bond notes, which are supported by US$200 million, which will never be exported but used in the country only. Therefore we will not run short of money.”
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This post was last modified on November 16, 2016 9:51 pm
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