Farai Dziva|MDC Alliance vice president, Honourable Tendai Biti has said Emmerson Mnangagwa and his “coterie of looters” must resign with immediate effect- to avoid a total implosion of the economy.

“The parallel market rate is now 1:105 .The weighted average of today s auction was 1:63 with US$16m having been sold . Controlled auction is a joke . Only complete dollarisarion will work . Without productivity anything else is scratching the surface and the crisis will exarcabate.

Challenges can never be resolved at the same level they were created,” argued Biti.

” Emmerson and the RBZ officials are authors of the present crisis .In 2008 an auction did not work , nor did closure of Stock market and electronic transfers . The 2008 copy book is a disaster. Economics is not kick and hope.

Mthuli and company have reached a dead end . In a normal country one apologizes and resigns .The economy has tanked .Its on a free fall. An uninterrupted auto cruise to a full blown depression . We can’t await the inevitable implosion . We must manage and control the transition,” added Biti.