PICTURE: Bread Now Costs RTGS$6.84/ US$0.72 Per Loaf

Writing on social media, journalist and political commentator, Hopewell Chin’ono said that the prices are not going up, but rather going down. He wrote:

Contrary to what Mthuli Ncube [Finance and Economic Development] and the government are saying, prices haven’t gone up, they are actually going down.

2 years ago a loaf of bread was a dollar, now its 72 cents. It is their useless RTGS dollar that has been exposed. It is the economy saying it needs Political Reforms!

Hopewell Chin'onoMthuli NcubeRTGS

Hopewell Chin'ono is a Zimbabwean journalist and documentary film maker. He has won numerous awards in journalism and has worked in both print and broadcasting journalism.Hopewell did a fellowship at Harvard as part of winning the CNN African journalist of the year. Read More About Hopewell Chin'ono

Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube

Real-time Gross Settlement (RTGS) is a fund transfer system where the transfer of money takes place from one bank to any other bank on a "real time" and on a gross basis. Settlement in "real time" means a payment transaction is not subjected to any... Read More About RTGS

Comments

Back to top

Write a Comment

Your email address will not be published.