[fusion_text]Reserve Bank of Zimbabwe (Debt Assumption) Bill last week sailed through the National Assembly, taking the bill a step closer to becoming law.

The bill provides for settlement by the state of “certain liabilities” incurred by the RBZ prior to December 2011. A total of $1,3 billion validated debts stand to be assumed by the government as an exit strategy to reverse the RBZ’s burden on its “extraordinary” quasi-fiscal operations of the early 2000s. These debts may be liquidated through issuance of treasury bills or any other government issued paper….[/fusion_text][button link=”http://www.thestandard.co.zw/2015/05/17/rbz-bill-creates-massive-debt-for-all/” color=”default” size=”” type=”” shape=”” target=”_blank” title=”” gradient_colors=”|” gradient_hover_colors=”|” accent_color=”” accent_hover_color=”” bevel_color=”” border_width=”1px” shadow=”” icon=”” icon_position=”left” icon_divider=”no” modal=”” animation_type=”0″ animation_direction=”left” animation_speed=”1″ alignment=”” class=”” id=””]To See Full Story Click Here[/button]