Ncube Owes Zimbabwe An Apology For Introducing The Zimbabwe Dollar Through The Back Door - Biti

Former Finance Minister and Harare East legislator Tendai Biti has said Finance Minister Mthuli Ncube has been involved in massive lying and he should apologise to Zimbabwe as he is introducing the Zimbabwe dollar through the back door.

Biti said the treasury boss and the RBZ chief John Mangudya misled the nation when they said the country was introducing its own currency which would be 1:1 with the USD:

We made a point to Ncube that the conditions did not yet exist for introduction of our own currency. We were further confused yesterday (Wednesday) when the Minister of Finance effectively de-dollarised by the introduction of US$75 allowance to civil servants and US$30 to war veterans.

It is our contention that Ncube owes Zimbabwe an apology and that he should repeal SI 33 and SI 42 and the Finance Act because he is introducing the Zimbabwe dollar through the back door. The Minister of Finance has been involved in massive lying,

Biti repeatedly made the same claims that Zimbabwe is not ready to have its own currency especially last year when the RTGS dollar was introduced by the government.

More: Newsday