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Mnangagwa forced to return Zim Dollar

by Staff Reporter
02 Jul 2019 at 17:49hrs | Views
Zimbabwe People First spokesperson Jealousy Mawarire has said President Emmerson Mnangagwa's government was forced to reintroduce the Zimbabwean dollar whose success depends on him having a political dialogue with MDC Alliance Nelson Chamisa.

Mawarire, in a series of Tweets, said the idea to reintroduce the Zim Dollar was mooted by the Presidential Advisory Council and a decision was made to move ahead with the plan without the knowledge of Finance Minister Mthuli Ncube.

"Am reliably informed decision to reintroduce Zim$ was pressured on ED's junta govt, thru PAC, by the IMF team which came in to assess the Staff Monitored Program.The team wasn't impressed by the drastic rate at which RTGS$ was losing value both on parallel & interbank markets

(Attempts at exchange rate stabilisation were then promulgated by PAC, based on, inter alia (a)Intro of Z$ (b) Dialogue involving @nelsonchamisa (c)Injection of US$600m to enable RBZ & banks to partly settle historical (Pre Feb 22) invoices at 1:1.The invoices amount to US1.2bn, " posted Mawarire.

" The decision to reintroduce the Zim$ was then made by PAC on Sunday 23 June 2019 without Mthuli Ncube, cabinet or parliament approval. PAC then recommended that inorder for the Zim$ reintroduction to work,  @edmnangagwa should, immediately, dialogue with @nelsonchamisa

"It comes as no surprise that the most sycophantic social media supporters of the Zim$ reintroduction are @TrevorNcube, @ShingiMunyeza & @Busisa74 , PAC members active on Twitter. @TrevorNcube also used his @NewsDayZimbabwe to announce that ED was prepared to meet Chamisa.

"The envisaged dialogue btn @edmnangagwa & @nelsonchamisa hasn't been, curiously, ridiculed by pple like @TrevorNcube despite his very public disdain 4 the youthful MDC leader.Instead,Ncube has used his papers to subtly advocate 4 the dialogue,a PAC obligation he has to execute. "

Source - Byo24News