Harvard-trained Zimbabwean journalist, Hopewell Chin’ono claims that Statutory Instrument 142 of 2019 was issued without the knowledge of both the Reserve Bank of Zimbabwe and Finance Minister, Mthuli Ncube. He further claims that the SI was a political decision which was not known by the treasury.
Posting on Twitter, Chin’ono claimed:
Some1 mentioned that @MthuliNcube was not his usual self in this video when the Zim Dollar statutory instrument was issued. I hev it on good authority that both him & the RBZ were not aware of it. It was a political decision, not even the relevant line ministries were aware of it pic.twitter.com/4HqmNjcLvC
— Hopewell Chin’ono (@daddyhope) June 26, 2019
The SI reintroduced the Zimbabwe Dollar that was ditched in 2008 following a record high hyperinflation. It also banned the use of all foreign currencies on domestic transactions.
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