No return of local currency yet, according to Zimbabwe's central bank – Xinhua



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HARARE, July 4 (Xinhua) – The governor of the Zimbabwe Reserve Bank, John Mangudya, said on Wednesday that it was not planned to reintroduce the local currency as claimed in the messages posted on social networks

. supposedly written by Deputy Minister of Finance Terrence Mukupe to "all citizens and ministries" and circulating on social media said that the government had decided to return to the use of the local currency with effect from July 9 . rejected the letter as false and an attempt to smear his character.

Mangudya weighed Wednesday by rejecting social media posts and accusing illegal foreign exchange dealers of trying to cause confusion in the economy.

"Members of the public should ignore the article on social media that has apparently been created and broadcast by people who seem to want to manipulate parallel market rates for personal gain at the expense of members of the pub who do not "The article is also calculated to cause unnecessary anxiety, panic, worry and discouragement in the national economy," he said.

He badured that the country would continue to use the multi-currency system

Zimbabwe has a multi-currency basket consisting of the euro, the US dollar, the pound sterling, the Australian dollar, the Canadian dollar, the Chinese yuan, Indian rupee, South African rand and Botswana pula US dollar and the rand

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