The Reserve Bank of Zimbabwe yesterday in a press statement dismissed a fake article being circulated on social media regarding the introduction of a new currency.
Articles of Zimbabwe printing a new currency appear at a time when Zimbabweans fear that producing a new currency would fuel a hyper inflation.
The fears of Zimbabwe creating a new currency have been surfacing since the introduction of the Bond note, which citizens have mistrusted.
“The Reserve bank of Zimbabwe would like to urge members of the public to dismiss, with utmost contempt, the fake article being circulated on social media regarding the introduction of a new currency,” RBZ says.
“The country shall continue to use the multicurrency system as evidenced by the continuous significant disbursement of foreign currency cash in the market.”
RBZ also urges the members of the public to desist from abusing the social media.
“The bank would also like to urge members of the public to desist from abusing social media in circulating fake messages that are designed to manipulate parallel market foreign currency rates,” RBZ press statement reads.
“Such counterproductive messages are being done with bad intentions to destabilize the economy as they cause alarm and despondency.”
Social media messages on commodity shortage resulted in panic buying in Zimbabwe last year.
Zimbabwe has witnessed false information moving on social media regarding political and economic state of the nation.
The country has in the past witnessed false news claiming the death of prominent figures including politicians and artists.
Companies have not been left behind as scammers also use brands to get money from unaware citizens.
Social media is trafficking fake news as the Whatsapp platform takes up 44 percent of the data used in Zimbabwe.
Fake news is also likely to increase as Zimbabwe nears the voting day on 30 July.
“The Bank would like to kindly request the public to depoliticize monetary and financial issues,” RBZ says.