ED warns forex dealers fuelling Zim's economic turmoil

HARARE - President Emmerson Mnangagwa has moved a step closer towards dealing decisively with unscrupulous Zanu PF bigwigs and businesspeople who are involved in the illegal trading of foreign currency in the country.

Comments (5)

So much has been said on this move by the time its implemented the horse will have bolted. The bigwigs initially supplied those monies for zanupf election campaign now they were doing it for themselves Cabinet and Government are aware as well as the RBZ. Only a few 'runners' will be sacrificed and the whole excercise will die a natural death just like the foreign currency externalisers hot air.

Sinyo - 22 October 2018

Who created this mess, is it not govt, who introduced bond notes and RTGS. Guys this is a waste of time, do you really expect this ZANU PF govt to investigate itself and arrest itself. THE STATE IS THE CULPRIT HERE, DONT WASTE OUR PRECIOUS TIME. 1. They cant remove the bond note & RTGS because they wont be able to milk foreign currency from exporters, so its a fix. Its public knowledge that the RBZ relies on sourcing forex on the black market to fund govt expenditure, what are they going to do if they can no longer buy there. The result here is goods are going to disappear from shop shelves to the black market and that has already started. COMMAND ECONOMY DOES NOT WORK.

Baba Mary - 22 October 2018

Chi Hurumende chedu ichi chine nharo, nhema, havteerere zvinotaurwa nevanhu, after all we place them there to work for us (although we did not mandate ED, he rigged) we told them NO NO to bond notes in 2016, when the bond note arrived, money changers filled the street and today they cry foul. Do you think ED will arrest his son, the chief money changer. These are all postures and lies, Resign Mr. President, your gvt has already failed. Money changers will not close operations, they will simply go underground.

Gandanga - 22 October 2018

This government is doomed, there is no way out here. Chickens have come home to roast. They cont remove the bond note, why, because the real money they already stolen it or spent it in the name of govt expenditure, they cant replace it. They cant arrest prices because monitory authorities have already told us that bond note and RTGS vazukuru, they are donkeys, they are not cattle so we are positioning our selves because one day very close, these two quasi currencies will be useless.

HATIDI MA BOND PAPER - 22 October 2018

Hapana nyaya apa thw President knows the very people who are in this game why can't he just publish their names not leaving his son also and the police arrest them, if its true he wants them to stop and if police and the intelligence people have the powers to. Why talk, talk, talk and no action to this the police and these intelligence people have the whole information at their finger tips so ACT on that.

Zimuyangu - 22 October 2018

Post a comment

Readers are kindly requested to refrain from using abusive, vulgar, racist, tribalistic, sexist, discriminatory and hurtful language when posting their comments on the Daily News website.
Those who transgress this civilised etiquette will be barred from contributing to our online discussions.
- Editor

Your email address will not be shared.