Calls for Mangudya to resign intensifies

By Staff Reporter

Zimbabwe Congress of Trade Union (ZCTU) has urged the government to immediately replace the Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya with a competent and non-partisan individual who can bring sanity to the monetary system.

Responding to the current price hikes, shortage of basic commodities and fuel shortage in the country, ZCTU president Peter Mutasa said RBZ was to blame for the current economic chaos.

“The spiralling black market can only be blamed on the Reserve Bank of Zimbabwe as the sole monetary authority and also on government ministers. How do we explain the existence of millions of mint crisp bond notes on the streets when the banks are only issuing the smallest coin denominations.

“Mangudya must explain to the nation how these huge sums of money are ending up in the hands of few individuals.

“It is our view that the Reserve Bank is responsible for fuelling the black market as no ordinary citizen would access such huge amounts of money when the banks have withdrawal limits known to all and sundry,” he said.

Mutasa said there was an urgent need to exorcise the avenging spirit of 2008 before it wipes out the dignity and humanity of Zimbabweans.

The ZCTU boss encouraged citizens to cast away the spirit of fear, oppression and rise up in protest against the current challenges bedevilling the economy.

Last week prices of basic commodities shoot up after panic buying by consumers following circulation of messages on social media alleging impending shortages of basic goods.

Upon his return from the 72nd Ordinary Session of the United Nations General Assembly in New York, President Robert Mugabe promised to deal with the malcontents behind the price hikes saying some of the culprits were members of his Zanu-PF party.

Finance Minister Patrick Chinamasa was expected to give a ministerial statement in parliament today on cash shortages but could not do so amid indications he had been called for an urgent caucus at State House.

Last year, governor Mangudya faced stiff resistance from civil society organisations and social movements ahead of the introduction of the bond notes.

 

 

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