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A Zimbabwean protester presents a defunct local currency in downtown Harare, capital of Zimbabwe, on August 3, 2016. Hundreds of Zimbabwean protesters marched in the capital Harare to protest the imminent introduction of banknotes bondholders and the lack of jobs. (Xinhua)
HARARE, July 4 (Xinhua) – The governor of the Zimbabwe Reserve Bank, John Mangudya, said on Wednesday that it was not expected to reintroduce the local currency as claimed messages broadcast on social networks. ] A letter supposedly written by deputy finance minister 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 July 9th. Mukupe has since 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 sow confusion in the economy
. the public should ignore the article on social media that has apparently been created and disseminated by people who seem to want to manipulate parallel market rates for personal purposes to the detriment of unsuspecting members.
"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 including the euro, the US dollar, the pound sterling, the Australian dollar, the Canadian dollar, the Chinese yuan, the Indian rupee, the South African rand and the Botswana pula, although the most tradable currencies are the US dollar and the rand.
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