Tuesday, 10 May 2016


Attempts by MDC-T leader Mr Morgan Tsvangirai to mobilise his supporters against the introduction of bond notes is a tired strategy that will never resurrect his party from political oblivion, Zanu-PF said yesterday.

This comes as the MDC-T shadow cabinet met yesterday while the party’s national executive meets tomorrow to “sculpt a comprehensive political response to the economic madness.”

The party argues that the introduction of the bond notes by the Reserve Bank of Zimbabwe signals the return of the Zimbabwe dollar. The central bank has since allayed the fears saying the move to introduce the bond notes was meant to address the challenges facing the country chief among them cash shortages, liquidity problems and illicit financial flows.

The bond notes, with a value of up to $20, are being introduced through a five percent export incentive coupled with daily withdrawal limits and money that can be taken out of the country.

Zanu-PF spokesperson Cde Simon Khaya Moyo said the party would not lose sleep over people who did not understand economics.

“He doesn’t understand economics or the situation prevailing in this country,” he said. “We are using the multi-currency system and there is nothing wrong with the bond notes because they will be at par with the United States dollar. It is very useful and it will enable people to transact without any hassles.”

Cde Khaya Moyo said there was no going back on the introduction of the bond notes, which had been embraced by many sectors. “We do not print US dollars here and we are not in control of them,” he said.

“Naturally people cannot stop business, they have to move on. Industry is accepting it, commerce is accepting it and progressive Zimbabweans are also accepting it. If he (Mr Tsvangirai) doesn’t accept it, then he doesn’t understand the state of the economy neither does he understand economics.
“I don’t know what he wants to achieve. He has lost direction and has to pull himself and his people together so that they understand and know what is happening.”

He added: “We are clear of what we are doing and in any case demonstrations do not build an economy. We are moving ahead with the introduction of the bond notes and nothing will reverse the situation neither are we going to lose sleep over him.” herald


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