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Mnangagwa is meeting bankers at State House
29 Oct 2018 at 10:11hrs | Views
President Emmerson Mnangagwa is meeting bankers, captains of industry and commerce among other guests at State House this morning.
In his opening remarks, President Mnangagwa said the multi-currency system is here to stay, adding that RTGS balances and bond notes are safe as monetary instruments.
"All your RTGS balances at the bank and bond notes in circulation are safe and secure. There should be no pressure to exchange or offload these balances as government policy has not changed to warrant such anxiety.
"I am advised that some manufacturers have been holding back products from retailers. This, if true, is regrettable. Do not persuade me to visit you," said President Mnangagwa.
"I fully know what is going on in the country. We as government should listen to you. The financial sector is highly sensitive and thrives on highest levels of trust.
"Government is working day and night to stabilize the economy. The multi-currency system is here to stay. RTGS balances and bond notes are safe as monetary instruments. No need for pressure to exchange them," he said.
The President said he is fully aware of what is going on in the country, adding that as government they do listen to the banking sector.
"Government is working day and night to stabilise the economy…," he said.
He said the financial sector is highly sensitive and thrives on highest levels of trust.
After his remarks, the meeting went into a closed door session.
More details to follow…
In his opening remarks, President Mnangagwa said the multi-currency system is here to stay, adding that RTGS balances and bond notes are safe as monetary instruments.
"All your RTGS balances at the bank and bond notes in circulation are safe and secure. There should be no pressure to exchange or offload these balances as government policy has not changed to warrant such anxiety.
"I am advised that some manufacturers have been holding back products from retailers. This, if true, is regrettable. Do not persuade me to visit you," said President Mnangagwa.
"I fully know what is going on in the country. We as government should listen to you. The financial sector is highly sensitive and thrives on highest levels of trust.
"Government is working day and night to stabilize the economy. The multi-currency system is here to stay. RTGS balances and bond notes are safe as monetary instruments. No need for pressure to exchange them," he said.
President @edmnangagwa has assured the nation that the multicurrency system will remain in force. He urged the public never to panic and offload their RTGS balances #ListeningPresident #TSP pic.twitter.com/1O1RtfMOcB
— Ministry of Information, Publicity & Broadcasting (@InfoMinZW) October 29, 2018
The President said he is fully aware of what is going on in the country, adding that as government they do listen to the banking sector.
"Government is working day and night to stabilise the economy…," he said.
He said the financial sector is highly sensitive and thrives on highest levels of trust.
After his remarks, the meeting went into a closed door session.
More details to follow…
Source - zbc
