Farai Dziva|Ruling party
ZANU PF MP for Chivi South, who is also the chairperson of the Zimbabwe Cross Border Traders Association ( ZCBTA) Killer Zivhu has said the monetary measures introduced by the Central Bank are ineffective.

Zivhu has also argued members of his association will be grossly affected by the development.

Zivhu is also arguing the development will push the country back to the 2008 scenario.

“Some bureau de changes will buy the money for themselves or use their relatives to take money to the black market where it will fetch more. Bureau de changes are just forex dealers so where there is
money, they are always there.

We have bureau de changes changing US$10 000 per day, as a result, these people will not be able to get money at the bank rate because they do not qualify to measures put in place for the banks. Their only option will be getting forex on the streets, thereby increasing the demand on the black market.

As ZCBTA, the monetary policy is not favourable to our members. We are seeing a repeat of 2007 and 2008 scenario if the RBZ governor does not listen to our advice. We had similar problems in 2003 and also in 2007 and 2008 when they refused to listen to our advice,” argued Zivhu.