Let’s embrace plastic money
EDITOR — I am encouraged by unity of purpose by the monetary authorities and urge all citizens to embrace plastic money.
With the liquidity crunch continuing to bite in the economy of Zimbabwe, this is one of the options that has proved to bear fruits.
During the past two months, the efforts of the Reserve Bank of Zimbabwe for the call to embrace plastic money are beginning to show.
I am certain that in the long run, this kind of initiative will kick start an economic revolution which when complemented by other Government financial initiatives, will see the country boosting of a vibrant economy.
It is painful to see that some few businesspersons and individuals are resisting the use of plastic money despite the criticality the service is meant to provide. Surely there is need for a paradigm shift in those citizens that resist noble ideas.
Plastic money is a generic term used for all types of cards; credit, debit and smart cards. The use of plastic money is not only about convenience but brings more people into the habit of banking.
The advantages of using plastic money are that credit and debit cards offer hassle-free shopping and there is widespread access through the Zimswitch network.
Other advantages include security as cash carries a big risk of loss as well as flexibility as plastic cards give access to one’s money at many different access points.
This is the greatest achievement made by Dr John Mangudya so far but more efforts need to be put on educating those who still believe in transacting using the hard to find American dollar.
It is indeed refreshing to note that the monetary authorities are oozing with confidence that they have initiatives that can improve the liquidity situation and actually has plans to turn around the economy. Gareth Nkomo, Bulawayo. Playing three games in less than 10 days at the African Cup of Nations is not a joke. What if Khama Billiat and Knowledge get injured? What do we do? We need a tall striker who has pace and confidence. My advice to Pasuwa is that he shouldn’t switch players from their regular positions and roles at their club. For example Nhamoinesu should play left back, his regular position. — Stalwart
THE lady suing Econet might have a genuine complaint about Econet’s misrepresentation on daily bundles which are clearly limited given their value. I find her demand for $50 000 as compensation rather unreasonable if not extortionate. How does she justify such a demand? It would be better for her and all her sympathisers to leave Econet than to try and extort such an amount for selfenrichment! — Ziyabheda.
IT’S not over till it’s over. Caps United fans should not count their eggs before they hatch. If they lose or draw this weekend and either Bosso or FC Platinum win, it would be game on again. — Uncle Moff.
THE low cost civil servant residential stands idea is an excellent plan which seeks to empower civil servants, most of who have faced the challenge of living as lodgers for too long. Whoever initiated this idea has the civil servants at heart. Equally good is the extension of this offer to some, who for some reasons, do not belong to the Apex Council. Many thanks to the originator. — Peacemaker
Dr John Mangudya Readers are invited to send comments and feedback to: 0773 292 364. All sms or Whatsapp contributions must include the sender’s name or pseudonym as well as town or home area. Since the Chronicle is published in English, we would prefer our readers to write in English. — Editor.