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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