{"id":56699,"date":"2022-03-30T20:40:51","date_gmt":"2022-03-30T18:40:51","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board"},"modified":"2022-03-30T22:52:47","modified_gmt":"2022-03-30T20:52:47","slug":"biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board","title":{"rendered":"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Former Finance Minister Tendai Biti said that the Government should disband the Reserve Bank of Zimbabwe (RBZ) and replace it with a currency board.<\/p>\n

Biti, who is the Harare East legislator (CCC), said the RBZ has become a rogue and unnecessary institution that is dabbling in quasi-fiscal activities which cost the public.<\/p>\n

Speaking at a Zimbabwe Debt Indaba hosted by the Zimbabwe Coalition on Debt and Development (ZIMCODD) in Harare, Biti said:<\/p>\n

The elephant in the room is the RBZ and under John Panonetsa Mangudya, it has become a rogue institution.<\/p>\n

In my respectful opinion, the country does not actually need a reserve bank. Let us have a currency board.<\/p>\n

All the RBZ does is dabble in quasi-fiscal activities which cost you and me. Last year we have had two debt assumptions.<\/p>\n

The country\u2019s domestic debt has grown from US$1.5 billion in 2015 to US$3.5 billion in December of 2021. That is not good enough, that is a rogue central bank.<\/p>\n

If they are incapable of repenting then we must do something. If they are incapable of Damascus moments then we must do something.<\/p>\n

And doing something is drastic. The country does not need a central bank; it needs a currency board.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Former Finance Minister Tendai Biti said that the Government should disband the Reserve Bank of Zimbabwe (RBZ) and replace it with a currency board. Biti, who is the Harare East legislator (CCC), said the RBZ has become a rogue and unnecessary institution that is dabbling in quasi-fiscal activities which cost the public. […]<\/p>\n","protected":false},"author":84,"featured_media":56698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,9229,653,1164,19,784],"class_list":{"0":"post-56699","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-currency-board","14":"tag-rbz","15":"tag-tendai-biti","16":"tag-zimbabwe","17":"tag-zimcodd"},"yoast_head":"\nBiti Says RBZ Should Be Disbanded And Replaced With A Currency Board - zimbabwe<\/title>\n<meta name=\"description\" content=\"Former Finance Minister Tendai Biti said that the Government should disband the Reserve Bank of Zimbabwe (RBZ) and repla ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board\" \/>\n<meta property=\"og:description\" content=\"Former Finance Minister Tendai Biti said that the Government should disband the Reserve Bank of Zimbabwe (RBZ) and repla ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-30T18:40:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-30T20:52:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/03\/img-6244c302a297e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"621\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board\",\"name\":\"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/03\/img-6244c302a297e.jpg\",\"datePublished\":\"2022-03-30T18:40:51+00:00\",\"dateModified\":\"2022-03-30T20:52:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"Former Finance Minister Tendai Biti said that the Government should disband the Reserve Bank of Zimbabwe (RBZ) and repla ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/03\/img-6244c302a297e.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/03\/img-6244c302a297e.jpg\",\"width\":1024,\"height\":621,\"caption\":\"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board - zimbabwe","description":"Former Finance Minister Tendai Biti said that the Government should disband the Reserve Bank of Zimbabwe (RBZ) and repla ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board","og_locale":"en_US","og_type":"article","og_title":"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board","og_description":"Former Finance Minister Tendai Biti said that the Government should disband the Reserve Bank of Zimbabwe (RBZ) and repla ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board","og_site_name":"zimbabwe","article_published_time":"2022-03-30T18:40:51+00:00","article_modified_time":"2022-03-30T20:52:47+00:00","og_image":[{"width":1024,"height":621,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/03\/img-6244c302a297e.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board","name":"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/03\/img-6244c302a297e.jpg","datePublished":"2022-03-30T18:40:51+00:00","dateModified":"2022-03-30T20:52:47+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"Former Finance Minister Tendai Biti said that the Government should disband the Reserve Bank of Zimbabwe (RBZ) and repla ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/03\/img-6244c302a297e.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/03\/img-6244c302a297e.jpg","width":1024,"height":621,"caption":"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/biti-says-rbz-should-be-disbanded-and-replaced-with-a-currency-board#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Biti Says RBZ Should Be Disbanded And Replaced With A Currency Board"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/56699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=56699"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/56699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/56698"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=56699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=56699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=56699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}