Cash Problems Not A Disadvantage, Zim To Become First Cashless Economy In SADC: RBZ

Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Dr Jesimen Chipika has said that Zimbabwe’s cash problems had actually allowed the country to progress to becoming a cashless society. Addressing stakeholders at the Ecobank Emerald Club launch on Tuesday, Chipika said

Yes, you may want to have cash but the world over even in the United States they use plastic money…But now we are happy that the hardships of cash we have in the country have actually propelled us in the most positive and correct direction of plastic money. Now Zimbabwe is assessed to become probably the first country in the SADC region for running a cashless economy and that’s where the world is going. So we were behind, [but] let us not look at it as a disadvantage that we don’t have cash.

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26 comments on “Cash Problems Not A Disadvantage, Zim To Become First Cashless Economy In SADC: RBZ

  1. Zimbabwe needs to be trained to accept and adopt plastic money. it is a step in the right direction. shanda hama shanda

    1. Indeed we need to be orientated into plastic money system so that the Nation can move in the right direction

  2. Cashless society promotes the growth of business. The use of plastic money also promotes convenience

  3. i never thought i would say this but, zanu pf i actually making progress. lets move nayo nayo zimbabwe vakomana

  4. Yahh ngazvienderere mberi. Next level thing . People should just embrace the plastic money thingy as they did with the multi currency system

  5. ed is preaching the gospel of moving the country’s economics forward. i personally see us getting somewhere . thnx mdhara ngwena

  6. The world order we are living in is one which seeks to promote globalisation and economic development for third world countries. Adoption of a cashless society is meant not only to direct us in the right direction economic wise but to ensure our future as an economic giant in the future

  7. Indeed Zimbabwe is not only open for buzz but open for new reforms, ideas and technological advancements

  8. Its a good idea to use plastic money just like wat other developed countries are doing #2018EDPFEEE

  9. And its veeeery practical. See Sweden, a cashless but robust economy. the country even targets phasing out cash payments by 2030.

  10. We should embrace our cash less economy and move one step ahead in the SADC region, u will all see all counties in the region imitating us .Let’s embrace it.

  11. Mina angiboni nkinga ukusebenzisa iplastic money.amanye amazwe like States they are using it wani.even South Africa.so iproblem Inga ukuthi lathi siyethule

  12. Only those who are not ready to embrace technological advancement may reveal it as a disadvantage.

  13. Issues of higher politics at play here….. The great man ED has made and is still making every effort to make our economy great again. The Zimbabwean regional relations have been centered on the political and military acquisitions but the new dispensation brought about a new dawn this dawn has the economy at heart

  14. in as much as we want economic change you need to know and understand that Zimbabwe is in the gradual process of reviving its economy therefore high levels of technology in money transaction is highly welcome in Zimbabwe #EDhasMYvote

  15. At the same time we need hard cash reserved. ED is too srs on the issue of corruption. We need to support him. But we need criminals to be in prison

  16. I THINK ED MUST PUT FIRST THINGS FIRST LET THE MISSING 15 BILLION BE RECOVERED THE MOVE ON CAUSE THAT IS WHAT CRIPPLED THE LOVED NATION WHY CANN’T THOSE ANSWERABLE BE BROUGHT TO BOOK LIKE ALL WRONG DOERS

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