News / National
Tsvangirai's MDC to stage anti-bond notes demo
09 May 2016 at 17:03hrs | Views
MDC-T on Monday criticised the government's plan to introduce bond notes labelling it as "madness". In a statement, MDC-T hinted it will mobilise locals to stage demonstrations in protest.
"The printing of bond notes will be the death knell to this economy.
"Zimbabweans have walked this road before. They have not forgotten the dark days when they were poor quintillionnaires.
" Zimbabwe adopted the US and South African currencies in 2009 after hyperinflation peaked at 231-million percent, rendering the national currency worthless. A recent shortage of foreign notes prompted central bank governor John Mangudya to unveil measures including limiting withdrawals to $1,000 per day.
MDC-T added : "The MDC is preparing a robust response to this madness and the party reserves its right to mobilise the people against this ill-advised decision which is certainly not backed by economic logic," the party said.
"Zimbabweans have walked this road before. They have not forgotten the dark days when they were poor quintillionnaires.
" Zimbabwe adopted the US and South African currencies in 2009 after hyperinflation peaked at 231-million percent, rendering the national currency worthless. A recent shortage of foreign notes prompted central bank governor John Mangudya to unveil measures including limiting withdrawals to $1,000 per day.
MDC-T added : "The MDC is preparing a robust response to this madness and the party reserves its right to mobilise the people against this ill-advised decision which is certainly not backed by economic logic," the party said.
Source - Byo24News
