2/Replacing of a fixed exchange rate with an interbank market rate &then going back to a fixed exchange rate &a month later disbandment of the fixed exchange rate regime with an auction system points to tragic policy reversals & policy contradictions just within a few months.
— nelson chamisa (@nelsonchamisa) June 26, 2020
4/Poor policy implementation as evinced by the TSP having annual inflation target of 5% &growth targets of 6.3%, 18.5% &19% in 2018,2019 and 2020,respectively being abandoned before expiry due to its dismal performance as inflation approaches 1000% with – economic growth rates!
— nelson chamisa (@nelsonchamisa) June 26, 2020
6/ No amt of SIs, auction system or force will reverse the meltdown. It’s a scandal that just last year pple’s nostro accounts were converted into ZWL together with their cash bal &debts. In a yr,the same pple now have nosto accounts with zero bal in prep for payment ofsalaries
— nelson chamisa (@nelsonchamisa) June 26, 2020
8/ We are at a tipping point of the Explosion.On the back of poor policies,we see the total demise of Zim dollar &full dollarization which has seen gvt ditching its own currency.
— nelson chamisa (@nelsonchamisa) June 26, 2020
10/We note the bankruptcy amongst major companies as their cashflows are heading towards zero bal in face of full dollarization.Cos will struggle to build new cashflow in USD their efforts to raise USD thru the pricing in USD will not build cash balances as quickly as possible.
— nelson chamisa (@nelsonchamisa) June 26, 2020
12/There is a liquidity crunch, coupled with food insecurity, high unemployment, high incapacitation across – people, workers, Government, businesses, etc and absence of external support, the economy is heading for total collapse.
— nelson chamisa (@nelsonchamisa) June 26, 2020
14/ Going forward, as we alluded to in our independence speech, 40 is a sacred number – life begins at 40, the children of Israel took 40 years to cross into Canaan and Jesus Christ spent 40 days and 40 nights in the wilderness. Zimbabwe turned 40 this year!Hope is our portion!
— nelson chamisa (@nelsonchamisa) June 26, 2020
15/ Let us prep for the new independence as we claim back all that was stolen and demand a a people’s government through citizens’ peaceful protests per section 59 of the constitution.People of Zimbabwe deserve a legitimate capable state. Change we demand! None but ourselves!
— nelson chamisa (@nelsonchamisa) June 26, 2020