Said Emmerson Mnangagwa today (Thursday), “Today, I toured and inspected the Reserve Bank’s gold reserves, a pivotal step in backing our new structured currency. This move reinforces our commitment to economic stability and lays the foundation for a prosperous future. #EconomicStability 🇿🇼”
To describe the new currency, Mnangagwa is using the same term that he just 2 months ago utilised to expell his 2023 election opponent, Nelson Chamisa from politics, “structured.” Through this, Mnangagwa is declaring that he has for years been a president running an unstructured currency.
The enemies of our currency & the so-called structured currency are:
— Prof Gift Mugano (Ph.D) (@gift_mugano) April 3, 2024
1. Excessive printing of money & excess liquidity caused by command agriculture; wrong financing model on roads & key infrastructures;
2. A dominant informal sector which is governed by informal rules & has no…
The enemies of our currency & the so-called structured currency are:
1. Excessive printing of money & excess liquidity caused by command agriculture; wrong financing model on roads & key infrastructures;
2. A dominant informal sector which is governed by informal rules & has no regard to govt policies – the informal sector has its own governor, mattress bank, minister of finance, etc
3. devastating drought & subdued commodity prices which have a combined effect of reducing availability of USD liquidity
