By Own Correspondent| Zanu PF Youth Secretary Lewis Matutu has again hit a new low by publicly supporting the move to have certain accounts being frozen on suspected money laundering and fuelling the foreign currency parallel market.

Matutu was speaking at an interview on national television last night saying the move would go a long way in curbing parallel market rates that had gone owl last week.

However economists have slammed him saying he was ill advised as there are illegal gold dealers and some parrastatals that were buying foreign currency from the streets.

Accounts from or Croco Motors, Sakunda, Access Finance, Spartan Security and Croco Motors after they suspected them of engaging in money-laundering activities and fuelling the foreign currency parallel
market.

However a day after the accounts were frozen the parallel rate market has gone up to 1, 9 making the situation even worse than last week.

Several economists said Matutu was ill advised as there are several gold dealers who are fuelling the rates.

Some said it is not about those above mentioned companies but there are several gold dealers who are causing all the confusion.

“There are several gold dealers those white guys who are fuelling apparel market rates so freezing accounts for Croco motors does not help because it is one of the companies we expect to be very vibrant.

“Surely you cannot say Croco motors are into buying and selling of money,” one economist said.

Most of them slammed Matutu for being reckless saying there was need for him to be reprimanded.

“Matutu needs to be reprimanded because his statements are very reckless, let him understand what is going on first before he goes public with his dubious rants.”