Emmerson Mnangagwa going after the foreign currency dealers with all guns blazing!
“As we work towards improving and stabilising the flow of foreign exchange into the productive sector, we must at the same time ensure and enforce discipline in the market,” he wrote in an article in Bulawayo 24.
“This means everyone must play to rules and norms, including respecting the laws of the land.
“Sadly, events of the past two weeks have shown this is not so. Not everyone is playing to the rules. Partly because of wanton illicit currency deals happening in what is known as the black market, our economy has been disturbed.
“We have suffered massive market failures, manifesting in complete collapse of the pricing framework for virtually all commodities, regardless of import component. There has been a run on the bond note.”
“This means everyone must play to rules and norms, including respecting the laws of the land.
“Sadly, events of the past two weeks have shown this is not so. Not everyone is playing to the rules. Partly because of wanton illicit currency deals happening in what is known as the black market, our economy has been disturbed.
“We have suffered massive market failures, manifesting in complete collapse of the pricing framework for virtually all commodities, regardless of import component. There has been a run on the bond note.”
What is so annoying about all this is the foreign currency shortage is just a manifestation of a bigger underlying problem which the regime is refusing to acknowledge. This is being penny wise but pound foolish!
It is all very well for President Mnangagwa to talk about “everyone must play to rules and norms, including respecting the laws of the land.” The heart, body and soul of Zimbabwe’s economic and political problems all emanate from he and his Zanu PF junta not playing to rules; they are above the all the laws of the land; they are a law unto themselves.
Zanu PF blatantly rigged the recent elections in total disregard of the laws to ensure free, fair and credible elections. No one is going to be fooled by someone who stages a military coup, gets the Con-Court to declare that legal, rigs elections and get Con-Court to declare him the winner masquerading as the champion of the law. Zimbabwe is pariah state ruled by corrupt and vote rigging thugs. This has far reaching ramification to the country’s hopes of economic recovery than a foreign currency dealer.
The root cause of Zimbabwe’s foreign currency shortages is we are spending more forex paying for imports than we earn from exports. 38 years of gross mismanagement and rampant corrupt under this this one-party Zanu PF dictatorship has destroyed the country’s commerce and industries, agricultural sector, mining sector, etc. forcing unemployment to soar to dizzying height of 90%. We are now a nation that produces every little and imports almost everything!
We need to revive our economic production to reduce imports and increase exports.
By rigging the 30 July 2018 elections Zanu PF has destroyed our chance of reviving the economy scared away the would-be investors who cash injection in needed to kick-start the comatose economy. Investors do not do business in pariah state ruled by corrupt and vote rigging thugs!
It takes a thief to catch a thief has a new twisted
meaning. In Zimbabwe we have hardened criminals
guilty of wholesale looting of the nation’s resources,
military coup, vote rigging, over 30 000 cold blooded
murders, etc. – all high treason stuff - using all state
machinery to catch petty foreign currency dealers.
Big deal!
By Jeff Kurai Chakanyuka
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