News / National
'Hold on to Zim dollars,' says Mugabe
27 Jul 2013 at 04:58hrs | Views
PRESIDENT Mugabe has urged people stuck with Zimbabwean dollars to hang on to the currency as the Government is working out modalities of compensating them.
Addressing a bumper crowd at the Mkoba Open Grounds near Mkoba Teachers' College and Budiriro College in Gweru yesterday, President Mugabe who is Zanu-PF First Secretary and President said the decision to compensate Zimbabweans in possession of the local currency followed close consultations with Reserve Bank Governor, Dr Gideon Gono.
"VaGono vakauya vachindipa zevezeve rekuti vanhu nemadollar aye aingovakwirira achive billions, billions dollars, millions millions, vamwe vakazoaruza vachiti vamwe vachinawo. (Dr Gono told me that many people still have lots of the Zimbabwean currency in their homes). We will look into the issue and if you still have them don't destroy them. Chikwereti chatinacho kwamuri. We will work out on how best to compensate you.
It might not be much but we will see how much you will be given to compensate you. We will be looking at this matter as Government together with you.
"This is among many of the things that we want to do to improve things in our country, to have quality leadership and progress as a nation. This is to make sure that our party and the Government led by our party are following the people's wishes," he said to applause from the huge crowd.
Zimbabwe introduced multiple foreign currencies in 2009 following a free-fall of the local currency because of the illegal economic sanctions imposed on the country by Britain and her allies as a way of pushing for regime change.
Addressing a bumper crowd at the Mkoba Open Grounds near Mkoba Teachers' College and Budiriro College in Gweru yesterday, President Mugabe who is Zanu-PF First Secretary and President said the decision to compensate Zimbabweans in possession of the local currency followed close consultations with Reserve Bank Governor, Dr Gideon Gono.
"VaGono vakauya vachindipa zevezeve rekuti vanhu nemadollar aye aingovakwirira achive billions, billions dollars, millions millions, vamwe vakazoaruza vachiti vamwe vachinawo. (Dr Gono told me that many people still have lots of the Zimbabwean currency in their homes). We will look into the issue and if you still have them don't destroy them. Chikwereti chatinacho kwamuri. We will work out on how best to compensate you.
It might not be much but we will see how much you will be given to compensate you. We will be looking at this matter as Government together with you.
"This is among many of the things that we want to do to improve things in our country, to have quality leadership and progress as a nation. This is to make sure that our party and the Government led by our party are following the people's wishes," he said to applause from the huge crowd.
Zimbabwe introduced multiple foreign currencies in 2009 following a free-fall of the local currency because of the illegal economic sanctions imposed on the country by Britain and her allies as a way of pushing for regime change.
Source - chronicle
