Zanu PF Youth Leader Attacks RBZ
15 November 2019
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Zanu-PF national political commissar in the Youth League, Godfrey Tsenengamu has called on young people to protest against the RBZ and corrupt, “useless” Ministers.

“This is time to demonstrate at RBZ. It’s time to defend the interests of the dispensation. (It’s) time to physically remove money changers on the streets.

“It’s time to block useless Ministers from getting to offices. The young people are the vanguard and should defend revolutionary gains lest posterity will harshly judge us,” Tsenengamu said.

Another youth leader, Tendai Chirau, urged the central bank to speedily deal with the matter. Chirau, who is the Zanu-PF Youth League’s national secretary for administration, says it should only take “seconds” to find out where the notes emanated from.

“Finding the bank which sent the new notes to the black market should not take seconds. The people who are the confidence builders need answers,” Chirau said.

Meanwhile, Government has said the central bank has launched investigations into the release of bulk, newly minted notes into the streets.

“Government through the Reserve Bank of Zimbabwe is investigating allegations of abuse of newly released bank notes. Cash was collected by banks using their CIT (cash in transit) vehicles on Monday. All serial numbers were recorded in the register.

“The offending banks will be named and severe action taken,” said the Ministry of Information, Publicity and Broadcasting Services on social media this morning.

The new notes were released into the public from Tuesday via banks, with each client having a maximum withdrawal limit of only ZWL$300. The aim is to ease liquidity which had resulted in a multi-tier pricing system.