Talking at a Zimbabwe Debt Indaba facilitated by the Zimbabwe Coalition on Debt and Development (ZIMCODD) in Harare, Biti said Zimbabwe has no requirement for an organization like the RBZ. He said government ought to supplant it with a cash board.
He faulted RBZ lead representative John Mangudya for the nation’s spiraling obligation which he guaranteed was expanding because of government’s acquisition of weapons from “problematic states” for use against the nation’s residents.
Tendai Biti says government should close down the Reserve Bank of Zimbabwe (RBZ) contending it has turned into a rebel and pointless foundation.Biti said this move will diminish the RBZ’s proceeded with impact in semi monetary exercises and decrease chances of the lead representative printing cash similar to the case under previous lead representative Gideon Gono
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