"Dark Forces Causing Currency Woes In Zimbabwe" - Minister Mutsvangwa

1 year ago
Thu, 14 Jul 2022 10:55:41 GMT
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"Dark Forces Causing Currency Woes In Zimbabwe" - Minister Mutsvangwa

Information, Publicity and Broadcasting Services Minister senator Monica Mutsvangwa Wednesday alleged that currency woes afflicting Zimbabweans were the work of “dark forces,” according to NewsDay Zimbabwe.

She made the remarks while addressing Harare Polytechnic journalism students whom she told that the government had made efforts in turning around the economy only to be sabotaged by the country’s enemies. She said:

As it is, the economic fundamentals are all right. Why then are there currency woes that batter the living standards of the poorest to survival in abject poverty? Clearly, there are dark forces at play.

Zimbabwe Democracy and Economic Recovery Act (ZDERA) sanctions are flailing and failing, syndicates of currency manipulators are angling to interfere.

ZDERA, passed in 2001, restricts United States multilateral financing to Zimbabwe until the southern African nation makes specified political and economic reforms.

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Analysts, however, said Mutsvangwa’s utterances reflected the government’s unwillingness to address the fundamental economic challenges facing Zimbabweans.

Zimbabwe Coalition of Debt and Development (ZIMCODD) programmes manager John Maketo told NewsDay Zimbabwe that authorities have failed if they claim ignorance when resource leakage channels are so apparent. 

His remarks were reiterated by Political analyst Kudakwashe Munemo who said Mutsvangwa’s utterances reflected that the government is not willing and or clueless about providing pragmatic solutions to the economic realities bedevilling the country.

Economist Victor Boroma told NewsDay that economic fundamentals have to be followed to ensure economic stability.

Pindula News



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