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newzimbabwe - 2 month ago

Prof Ncube rules out deval claims Afreximbank US$ backing for RTGS/Bond Notes

By Alois Vinga FINANCE minister Mthuli Ncube says he has secured US$ backing for the country’s problematic RTGS and Bond Note balances, saying the development will ensure the electronic and surrogate currencies remain at par with the Green Back. Financial analysts say that, presently, RTGS balances in the country’s banks stand at $9, 5 billion The post Prof Ncube rules out deval claims Afreximbank US$ backing for RTGS/Bond Notes appeared first on NewZimbabwe.com.

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