tag:blogger.com,1999:blog-4779437748296704455.post2351446671848741275..comments2024-03-28T20:57:54.874-07:00Comments on Zimbabwe Social Democrats: NERA vows to stop Zanu PF stealing elections "not now, not ever" - dog putting out fire it's puny fart W Mukori Nomusa Garikaihttp://www.blogger.com/profile/04964205157943684601noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4779437748296704455.post-31601791487242625922017-04-27T12:15:32.795-07:002017-04-27T12:15:32.795-07:00The printing of money through the RTGS platform ca...The printing of money through the RTGS platform can only be backed by local currency, rather than foreign currency which has to be earned through exports of other foreign currency receipts. It would therefore appear the introduction of bond notes, despite public protestations, was meant primarily to fund the virtual currency, which has been described by some analysts as phantom money.<br /><br />The reason for government resorting to creation of money in the domestic economy has largely been its huge budget deficits, which it started incurring following the collapse of the inclusive government in 2013.<br /><br />After decades of mismanagement, corruption and kiya kiya the country has now sunk up to its eyes into the morose. Zimbabweans are the poorest in Africa, how tragic!<br />Nomusa Garikaihttps://www.blogger.com/profile/04964205157943684601noreply@blogger.com