Govt needs pub­lic sup­port on bond notes

Chronicle (Zimbabwe) - - National News -

EDITOR — The na­tion is wait­ing for the over­due bond notes to come and al­le­vi­ate the sit­u­a­tion. No amount of spir­ited and fool­ish po­lit­i­cally mo­ti­vated op­po­si­tion to bond notes will stop the is­su­ing.

Gov­ern­ment pol­icy can­not and should not be in­formed by forces hell bent on see­ing our economic sit­u­a­tion con­tinue to de­te­ri­o­rate.

Few political lu­natics as rep­re­sented by those jump­ing and puff­ing about feed­ing on sin­is­ter donors’ funds will soon prove de­feated by the ma­jor­ity peo­ple’s re­solve to fight the evil ef­fects of sanc­tions on our econ­omy.

The econ­omy in Zim­babwe tem­po­rar­ily im­proved be­cause of dol­lar­i­sa­tion, which was in­tro­duced by Min­is­ter Patrick Chi­na­masa be­fore Biti came into the in­clu­sive Gov­ern­ment. Ev­ery sane econ­o­mist will tell you even with­out the in­clu­sive Gov­ern­ment the tem­po­rary im­prove­ment of the econ­omy was go­ing to hap­pen.

Now we are in a sit­u­a­tion brought on by the fact that when Biti was Finance Min­is­ter he did not put re­stric­tions on the USD. He meant to make it hard for peo­ple to ex­ter­nalise cur­rency but he al­lowed the sit­u­a­tion to grow from the time he held the purse.

Dur­ing his ten­ure Biti once men­tioned that 55 per­cent of bank in­come was earned through bank charges. He did noth­ing to put reg­u­la­tions on the bank­ing sec­tor to lower the charges.

What the Gov­ern­ment is do­ing now is try­ing to cor­rect a prob­lem that was cre­ated a long time ago. It is also a prob­lem that is im­pacted by sanc­tions on Zim­babwe. The Zanu-PF Gov­ern­ment is looking for ways that will al­le­vi­ate the cash cri­sis but also work for the or­di­nary man on the ground and this is why they should be sup­ported.

Zanu-PF has not failed this na­tion by be­ing prin­ci­pled on the land is­sue. In fact, the Party has in­dige­nous Zim­bab­weans best in­ter­ests at heart and for this they should be com­mended. Cde Mzvinavhu. THE Re­serve Bank Gover­nor Dr John Man­gudya should not look at re­tail­ers only, but should also blast the po­lice who de­mand cash only on fines. Ev­ery­one knows cash is scarce, but po­lice de­mand cash from driv­ers, they refuse to ac­cept plas­tic money, why? — Johns.

PEO­PLE should heed the calls by the Me­te­o­ro­log­i­cal Of­fice on the pos­si­bil­ity of floods. It is bet­ter to be safe than sorry, those in low ly­ing ar­eas should look for al­ter­na­tive ac­com­mo­da­tion in the in­terim just in case the worst hap­pens. The Civil Pro­tec­tion Unit should also be ready to act. — Con­cerned, Gweru

THE bond note ap­peal whose judgment was re­served by Jus­tice Chi­weshe is an­other fu­tile at­tempt by Joice Teu­rai Ropa Mu­juru this time wear­ing Matanda’s mask. An­other se­rial lit­i­gant who needs to be banned for his very silly in­ter­dicts. — C Ndi­weni, Kwekwe.

All the political con­tes­ta­tions go­ing on the in­ter­net will be solved in 2018, not by few ac­tivists jump­ing and puff­ing stink­ing political hot air in our streets. Why do peo­ple think few demon­stra­tors in Harare are the ma­jor­ity of Zim­bab­weans? They should stop say­ing they are act­ing for the peo­ple, when the sup­posed peo­ple even boy­cotted their re­cent demo. — Cde Wasu

Dr John Man­gudya

Min­is­ter Patrick Chi­na­masa

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