Business / Economy
'No to the Zimbabwean dollar,' says Zanu-PF
05 Aug 2013 at 00:18hrs | Views
Zanu-PF has dismissed the rumour that it will introduce the Zimbabwean dollar anytime soon. Zanu-PF says it introduced the multicurrecy when Patrick Chinamasa was the finance minister and intends to consolidate the economic stability brought by the multi-currency system through pro-people policies anchored on the Indigenisation and Economic Empowerment Programme.
Mugabe's Zanu-PF party says it would not rush to reintroduce the Zimbabwe dollar, but work towards growing the economy further.
Rumour peddled by MDC-T supporters is that Zimbabwean dollar printing machines are already at the Beitbridge Border post which raises question as to whether the Zimdollar printing machines were exported to some other country following the introduction of multi-currencies.
This is contained in a draft of the 100-page Zanu-PF manifesto. The manifesto was titled "The People's Manifesto, Team Zanu-PF, Bhora Mugedhi/Ibhola Egedini" and was herald the theme, "Indigenise, Empower, Create Employment and Development".
Party information and publicity secretary Rugare Gumbo said the manifesto stated clearly that the Zimbabwean dollar will be introduced at a certain time, but this will wait until the economy has fully stabilised.
"We are now tying the loose ends to our manifesto. It is a very comprehensive document, which we are likely to launch soon after the primary elections," he said.
"The manifesto was very clear on economic development. It emphasises that the Zimbabwean dollar will be introduced at a certain time, but this will wait until the economy has fully stabilised.
"Even when we introduce the local currency, we will make sure that it operates with the multi-currency system first. It looks at our past, the present and the future. The country achieved political independence in 1980 but didn't have control of its resources.
"We believe the best way to achieve our objective is to indigenise, empower and create employment and development. That is the theme."
Gumbo said Zimbabwe - through Zanu-PF - had made history by becoming the first African country to advance self-help developmental programmes for the masses without foreign support.
He added that the title of the manifesto captured the thrust to unite the party.
"We are saying we are a team and we need to score goals. We need to work together as a team so that we do not score own goals but score for the team to win," he said.
Mugabe's Zanu-PF party says it would not rush to reintroduce the Zimbabwe dollar, but work towards growing the economy further.
Rumour peddled by MDC-T supporters is that Zimbabwean dollar printing machines are already at the Beitbridge Border post which raises question as to whether the Zimdollar printing machines were exported to some other country following the introduction of multi-currencies.
This is contained in a draft of the 100-page Zanu-PF manifesto. The manifesto was titled "The People's Manifesto, Team Zanu-PF, Bhora Mugedhi/Ibhola Egedini" and was herald the theme, "Indigenise, Empower, Create Employment and Development".
Party information and publicity secretary Rugare Gumbo said the manifesto stated clearly that the Zimbabwean dollar will be introduced at a certain time, but this will wait until the economy has fully stabilised.
"We are now tying the loose ends to our manifesto. It is a very comprehensive document, which we are likely to launch soon after the primary elections," he said.
"Even when we introduce the local currency, we will make sure that it operates with the multi-currency system first. It looks at our past, the present and the future. The country achieved political independence in 1980 but didn't have control of its resources.
"We believe the best way to achieve our objective is to indigenise, empower and create employment and development. That is the theme."
Gumbo said Zimbabwe - through Zanu-PF - had made history by becoming the first African country to advance self-help developmental programmes for the masses without foreign support.
He added that the title of the manifesto captured the thrust to unite the party.
"We are saying we are a team and we need to score goals. We need to work together as a team so that we do not score own goals but score for the team to win," he said.
Source - sundaymail
