Take RBZ To Court For Devaluing Bond Notes, RTGS- Global Economist Hanke

Global economist Professor Steve Hanke has said Zimbabwe has committed highway robbery after devaluing bond notes and RTGS in Wednesday’s monetary policy presentation.

Hanke said the Reserve Bank of Zimbabwe (RBZ) should be prosecuted for issuing bond notes and RTGS at par to the US dollar and then devaluing them. Speaking on Twitter, Hanke said:

By issuing bond notes and RTGS at par to the USD and then devaluing them, Zimbabwe has committed highway robbery of its citizens. There is no reason for citizens to trust the RBZ. It has a long record of thievery. Time to prosecute.

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