WATCH: Biti’s Economy-Reviving Measures Zim Needs, How To Use Both USD & Zim Dollar

Former Finance Minister Tendai Biti has revealed a number of economic-reviving measures which Zimbabwe needs to adopt.

Biti who is also the vice president in the opposition MDC led by Nelson Chamisa said that the strategies employed by both the incumbent Finance Minister Mthuli Ncube and Reserve Bank Governor John Manguudya will not work as they lack the much-needed confidence of the people.

He also mentioned that Zimbabwe is working on a deficit as imports outweigh exports. Biti said Statutory 33 of 2019 and 142 of 2019 which banned the multicurrency system need to be repealed to allow the USD and the Zimbabwe dollar to coexist.

The outspoken MP also said that the coexistence of the two currencies will boost production in the country which will result in more exports and fewer imports and eventually deal with the country’s deficit.

 


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One Comment on “WATCH: Biti’s Economy-Reviving Measures Zim Needs, How To Use Both USD & Zim Dollar

  1. Bullshit! The country no longer needs this” I’m the best politician thing with these guys”. We’ve been ijn this economic tandrum for long. They’d ‘ ve done it for us,” the people” ,long ago, if those Bities of this world were really that concerned. This no longer need fulfeeling petty dreams such as those hallucinated by these geniuses of ours!. I don’t believe any shit these guys say would help.

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