SHOCK!!! Zimbabwe Exchange Rate Set To Jump To ZWL40.62 If Mthuli Does This: Biti

Zimbabwe Exchange Rate: Biti

Another spike in prices is looming as government is reportedly planning on floating the ZImdollar and liberalize the official exchange rate.

Zimbabwe Exchange Rate: Biti

MDC Alliance vice president Tendai Biti has made these revelations exposing how this will adversely affect the prices as the rate for US$1 would rise to 40 for the bond.

Tendai Biti says, “The regime wants to immediately float the bond note & liberalize the exchange rate. This move will result in a serious spike of the US$ of up to 1:40. Prices will shoot up & a fresh bout of shortages of will be triggered. ”

Tendai Biti implies that the only solution to avert such a catastrophe is to repeal statutory instrument SI 142 and reintroduce the multi-currency regime since the economy has already dollarized.

“Our advice to the regime, stop gimmicks, just repeal SI 142”, says Biti.

Relatively, David Coltart, MDC’s Secretary General torched a storm when he called Mthuli Ncube, Mangudya and Mnangagwa the 3 blind mice stating how the bond has lost value according to the Old Mutual Implied Rate which he says stands at 1:40.62.

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