Discover and read the best of Twitter Threads about #treasuryheist
Most recents (1)
#TreasuryHeist
1/10 The facts that are tumbling out of @MthuliNcube's staggering figures, following his midterm budget speech last Thursday, reveal a daring heist he and the cabal of treasury raiders have pulled off in nine short months; to the detriment of a vulnerable nation!
1/10 The facts that are tumbling out of @MthuliNcube's staggering figures, following his midterm budget speech last Thursday, reveal a daring heist he and the cabal of treasury raiders have pulled off in nine short months; to the detriment of a vulnerable nation!
2/10 First, @MthuliNcube's ZWL$18,62 billion midterm budget is a mere USD 2 billion, at the interbank rate of 1USD : 9ZWL$. This represents a sudden budgetary contraction of the economy by more than 50% in less than 12 months; from a national budget of plus USD 4 billion in 2017! 
3/10 Second, the domestic debt of USD 9.5 billion on 31 Dec 2018, the hard earned US dollars borrowed by govt from the market in the multi currency period, is now just ZWL$ 8.8 billion or USD 900 million at the Interbank rate of 1USD : 9 ZWL$; while foreign debt is USD 8 billion!
