@ZimbabweReview Does this suggest that the Bank's interbank market is not functioning properly? Is it not fully driven by market forces? Why is it unresponsive to mkt dynamics? What is the impact of the RBZ's dominance in this market? Why is full liberalization taking so long? @ReserveBankZIM
@zanupf_patriots If I were the administrator, I would stop with my first sentence if I have nothing else to say about this story. Where is that African spirit of Ubuntu? We can do better than this @zanupf_patriots
@KMutisi@LAZARUSCHAKWERA Itβs the RBZ under Dr. Mangudya that helped resolve fuel queues thru the intro of direct import scheme (USD). Let them try it with ZiG kana vaine nharo tione !
π’π’ This evening at 18:50, ZIMCODD hosts a current affairs conversation on X Spaces to provide the public with a platform to engage with independent economic experts and understand current macroeconomic developments as well as getting an appreciation of the likely outlook risks and their possible countermeasures.
πJoin the X-Space through this link ππ½ https://t.co/BoSSezYiJk
@CAID_Zimbabwe@norskfolkehjelp@TellZimbabwe@nangozimbabwe@imswedishzim@zwBritish@UKinZimbabwe@SwedeninZW
@mutungadzimwe@baba_nyenyedzi I think ZiG is at it's infancy. Official stats re @ 2.5t + $100m. So, Zim must build more reserves first b4 sales. And yes, this can take us a couple of years. Fo any currency yu want 2 b adopted, it simply requires political commitment. Reserves re secondary.
@daddyhope One practicing his/her faith shouldn't be subjected to politics & street debate at all! Chakwera is a Christian. Christians across the globe including millions in Zimbabwe are celebrating Easter holidays. We want Freedom of Religion for All, Everywhere!
@ZimTreasury Great that you are showing some policy flexibility. However, given dwindling maize stock & likely below average harvest in 2024 owing to El Nino conditions, VAT on all basics must be scrapped. Access to food & affordability of the same must be prioritized to cushion the poor.
@baba_nyenyedzi Some of us have been saying this since Feb 2023 when this animal was introduced: Blended inflation is meaningless. It mask the actual cost of living particularly for ZWL earners & distorts other facets of the economy such as asset valuation, wage & contract negotiations, etc
@baba_nyenyedzi Considering billions we're losing to IFFs annually, underutilization of land, many precious, semi-precious & rare earths on high global demand as well as our 16 million population, Zim can easily afford universal healthcare & free public education, leaving mo cash as Reserves !!!
Check out this story which I worked on with Keith Baptist for @africanews.
Honorable @TembaMliswa said we should use the US dollar while we stabilize our currency.@ZIMCODD1βs economic analyst @bravon96 said the overprinting of the rtgs should be stopped.
#Inflation#MthuliNcube
In tomorrow's edition of #TwitterRally we delve into the factors contributing to the depreciation of the Zim dollar and discuss the effectiveness of the economic measures implemented by the government.
Join @lnmanzini as she hosts @zimbabweyauya and @bravon96 at 10am! #RTGS
@jmaketo@OpenParlyZw@ParliamentZim@MoPSEZim@DeproseM@jayznotes@ZimTreasury @HonGweruUrban Authorities must institute prudent policies & reforms to eliminate these market pricing distortions and clamp incessant ZWL decline. Without this, public services - the gold bar for the poor - will continue to deteriorate thus widening societal inequalities & deepening poverty.
@KMutisi@ReserveBankZIM You are on point. Bigger denomination banknotes are now long overdue. MPC is just a waste of taxpayers' money. In fact, tt institution MUST be disbanded.