Tsvangirai's bond notes demo unjustified

News that the MDC-T leader, Morgan Tsvangirai and his opposition companion, Professor Lovemore Madhuku, are severally planning protest demonstrations against Government over the introduction of bond notes is not only saddening but speak volumes about their acute ideological deficiency and harmful opportunistic tendencies.

Together with other self-serving regime-change activists, the opposition leaders refused to embrace the monetary interventions on their merit and were quick to raise unwarranted dust on an issue so sensitive to the stability of the economy, solely for political expediency.

Listening to their lame excuses why they are resisting the monetary stimulus, it becomes clear that they are opposing for the sake of opposing, without any credible reason to back their destabilizing decisions.

Tsvangirai recklessly murmured something about Government's supposed intention to "bring back the Zimbabwe dollar through the back door".  

He told the media that, "The so-called bond notes, with a value of up to $20, signify a return to the stressing national times of eight years ago."

Tsvangirai further said that his party would do everything possible to scuttle the introduction bond notes, saying; "Zimbabweans have walked this road before. The MDC-T is preparing a robust political response to this madness and the party reserves its right to mobilise the people against this ill-advised decision that is certainly not backed by economic logic. Zimbabweans have fresh memories of the traumatising experiences with the 'bearer's cheques' of 2008."

The MDC-T leader shamelessly tried to evoke all the so-called scary and gloomy things about the year 2008 in order to justify his insurgent position and also incite Zimbabweans to his seditious corner.

It is actually baffling why Tsvangirai and his ilk are portraying the monetary measures as ill-informed and unwelcome as the measures are what the doctored ordered in the current circumstances.

Given the sanctions-constrained monetary environment, Government has limited choices on how to address the prevailing cash challenges and the associated externalization of foreign currency in the country.

Ironically, the same opposition characters would be the first to cry foul had Government failed to introduce measures to address the situation.

 Now that Government had taken action against the deteriorating monetary situation in the country, the same opposition apparatchiks still remain discontented and were quick to cast aspersions at Government.

Political malice aside, Government was truly compelled to take the measures it took to contain the cash challenges facing the country in order to salvage the economy from sliding into further complications.

Everyone should instead be grateful that Government had the ideological stamina to promptly come up with these timeous measures that are well targeted at easing the cash shortages and stem the externalization of foreign currency.

Unlike the trigger happy Tsvangirai's of the country, those who matters to the monetary sector, the Bankers Association of Zimbabwe (BAZ) published a press statement supporting Government's intervention.

In the press statement, the Bankers Association of Zimbabwe (BAZ) shorn light on the matter, saying; "The Bankers Association of Zimbabwe, which represents all banking institutions in Zimbabwe, welcomes and supports the new measures recently announced by the Governor of Reserve Bank of Zimbabwe, which are aimed at addressing cash shortages, whilst simultaneously stabilizing and stimulating the economy."

BAZ further said; "It is to be understood that Bond notes are not being issued to replace or undermine the multi-currency system, but are being issued as an incentive to promote exports."

Such a sober statement pours scorn to hurried and uninformed positions of the likes of Tsvangirai, whose intellectual depth has been publicly paraded for everyone to weigh.

In simple and plain terms, BAZ simply dismissed Tsvangirai's atrocious claims that Government is re-introducing the Zimbabwe dollar through the vehicle of bond notes.

Tsvangirai should be ashamed for being exposed for his lack of economic wit.

More so, he should be embarrassed that though he was quick to dismiss Government's monetary measures, he had not proffered any alternative solution to the deteriorating situation.

He clearly had no clue on how else to resolve the cash challenges but was quick to criticise Government and call for demonstrations, hoping that would increase his political stock.

The call for demonstrations against the bond notes is hollow and unjustified.