Masondo said without these counterfeit prevention efforts, not only was there a risk that the public could lose confidence in the currency but there was a greater risk that substantial counterfeiting could generate an increase in the supply of money, thereby causing inflation.
He said although governments always come up with innovative inclusive and security features, criminals were always not that far behind to counterfeit the currencies and frustrate detection. The National Treasury will announce a further update on its projections in the MTBPS [medium-term budget policy statement) later this year in October. Nevertheless, our economic growth is still very poor. With currently high levels of unemployment, clearly, there is a need to fast-track policies required to stimulate economic growth.
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Source: City_Press - 🏆 7. / 72 Read more »
Source: City_Press - 🏆 7. / 72 Read more »