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@TinoChinyoka
Alumnus of| University of Zimbabwe | @UniversityLeeds | @JesusOxford | @sheffielduni | Find me at https://t.co/vpdsflkYZc
ID:225309574
http://tinochinyoka.com 11-12-2010 07:53:52
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Dear Steward Bank - while itβs commendable you claim to have fixed your systems, I donβt think you have when you canβt seem to make up your mind whether minus 2,249.78 ZWL is minus ZiG1,399.68 or minus ZiG 0.34
Spoiler alert: it the other sum you donβt like - minus 0.34!
π²ππ πππ π΄πππππ Reserve Bank of Zimbabwe We must buy fuel in ZiG if itβs resource backed. Letβs bite the bullet & remove all sources of foreign currency arbitrage
Because people will need forex, the Reserve Bank of Zimbabwe is inadvertently creating DEMAND for forexβ¦ Itβs completely irrational to expect millions of people to be going to banks to buy forex whenever they want to buy fuel. A smart RBZ would have left that for the fuel companies. Ifβ¦
ππ¦π€πππ§π ππππ π¨πππππ π¨ππΉπ ππ« Reserve Bank of Zimbabwe It is not possible that we have not been saving gold reserves since 1980. I believe that the system gradually began to deplete the reserves to meet immediate needs. Of course, we can not ignore the big elephant in the room: kleptocracy and corruption run deep in our society.
Then letβs stop pretending we have a currency and simply agree that we just removed zeros from the old joke one and called it something new.
The Reserve Bank of Zimbabwe is a joke institution. The very fact that they hadnβt been saving any gold reserves since 1980 and only started nowβ¦
Stephen Grootes Sophie Mokoena SAfmRadio π» Don't Hold on to a blatantly illegal Conviction (Right to plead + appeal denied + out of the Norm & Ordinary = Zuma Judge Made Law) as if it is the greatest conviction in South African Judiciary History. It is actually a Blemish to Constitutionalism as evidenced by theβ¦
eNCA The real Question that should be discussed is whether the MK Party uMkhonto WeSizwe Party of which Jacob G Zuma will be the Lead Deployed Candidate has the capacity to deal decisively with the Unfinished Business of Radical Economic Transformation, Land Restitution, Blackβ¦
According to the Reserve Bank of Zimbabwe, the current fuel pricing system will remain in placeβ¦ βthe fuel sector will be encouraged to accept ZiG for fuel purchasesβ β¦..
Well, they arenβt serious about introducing a new currencyβ¦
Fuel alone generates the highest demand for forexβ¦β¦
Divha Africa President of Zimbabwe Zimbabwe Investment and Development Agency Invest in Zimbabwe @mthulincube Wapedza Divha Africa
Passports = ZiG
Fuel = ZiG
Bills = ZiG
Confidence in ZiG will start squarely on what government will charge
What the @ZiG prices for Petrol/Diesel Per Litre, LPG GAS per kg, Loaf of Standard Bread, Pint of Milk now that Ecocash Zimbabwe is now available for Transacting? What are the Bank Interest Rates for Deposits & Loans with the Zimbabwe Banks for ZiG? Apart from the Exchange Rate theseβ¦
Sad that payment was AGAIN late, but just to note:
GMB is no longer sole buyer. Monopoly was removed (SI 56/2023). Anyone can buy and sell maize, including on Zimbabwe Mercantile Exchange.
Same as in wheat: The private sector funds around 80% of the wheat crop.
The The Herald Zimbabwe editorial today focused on the ZiG & what must be done to make it a success.
And βmoneychangersβ were being blamed for causing problems
But are they the problem? Are they criminals? Who buys & sells forex to them if everyone hates them?
This attitudeβ¦
The root of the African National Congress's brazen abuse of state institutions, processes, and the law to mistreat and humiliate Jacob Zuma, at every turn, is very difficult to understand. It borders on barbarism!
ππ¦π€πππ§π ππππ π¨πππππ π¨ππΉπ ππ« π²ππ πππ π΄πππππ Amicable Tangawamira Tinofa Mutevedzi Tendai Murisa Mufaro Muzvondiwa Maths dzaramba kuita balance. How many people are going to be fleeced this way?