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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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
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
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe