Economic Suicide As Mthuli Prints Out New Notes
6 July 2021
By A Correspondent- The government has committed economic suicide by printing new notes.
The printing of new notes has previously during the former Reserve Bank of Zimbabwe governor, Gideon Gono, era resulting in the soaring of inflation to an unprecedented level.
In the same Gono style, the desperate government has announced the introduction of $50 notes that will come into circulation with effect from tomorrow the 7th of June 2021.
The central bank said it shall release $360 million worth of these new notes.
The notes will become the fifth note in circulation although the use of the $2 and $5 notes is now limited due to inflation.