MDC Declares War On Bond Notes: Threatens Mass Protests
Published: 2016 May 10 10:59:45 (3654 Views)
MDC-T leader Morgan Tsvangirai has threatened to mobilize his supporters against the impending reserection of the 2008 bearers cheque replica currency launch.
The decision by government to introduce bond notes has jolted main opposition MDC-T leader Morgan Tsvangirai to summon his party’s shadow cabinet to an emergency meeting today as he threatened to mobilise for mass demonstrations to stop the move.
Tsvangirai in a statement yesterday said his actions had been triggered by government’s decision to “bring back the Zimbabwe dollar through the back door”.
He said his party would do all it could to block the move, saying “Zimbabweans have walked this road before” and would not allow a recurrence.
The former Premier also said the Zanu PF administration was suffering the effects of lack of legitimacy following its “2013 electoral theft”.
The threats of fresh protests came at a time the MDC-T was still basking in the success of its well-attended anti-corruption demonstration held in Harare last month.
The Lovemore Madhuku-led National Constitutional Assembly has also threatened to mobilise citizens to reject the proposed bond notes.
But Finance permanent secretary Willard Manungo yesterday told anxious Gweru residents during a consultative meeting on the Interim Poverty Reduction Strategy that it would be irresponsible for government to return the Zimdollar.
Former Finance minister and opposition People’s Democratic Party leader Tendai Biti has also warned that the printing of bond notes announced by Mangudya spelt doom for the country’s already fragile economy.
Meanwhile, National Vendors’ Union of Zimbabwe leader Stern Zvorwadza said they had mobilised their members to stop using the traditional banking system until the value of the bond notes has been clarified.
Renowned economist John Robertson warned that the introduction of the bond notes would have devastating effects on the economy, adding the possibility of government going into “print mode” was high.
- News Day
The decision by government to introduce bond notes has jolted main opposition MDC-T leader Morgan Tsvangirai to summon his party’s shadow cabinet to an emergency meeting today as he threatened to mobilise for mass demonstrations to stop the move.
Tsvangirai in a statement yesterday said his actions had been triggered by government’s decision to “bring back the Zimbabwe dollar through the back door”.
He said his party would do all it could to block the move, saying “Zimbabweans have walked this road before” and would not allow a recurrence.
The former Premier also said the Zanu PF administration was suffering the effects of lack of legitimacy following its “2013 electoral theft”.
The threats of fresh protests came at a time the MDC-T was still basking in the success of its well-attended anti-corruption demonstration held in Harare last month.
The Lovemore Madhuku-led National Constitutional Assembly has also threatened to mobilise citizens to reject the proposed bond notes.
But Finance permanent secretary Willard Manungo yesterday told anxious Gweru residents during a consultative meeting on the Interim Poverty Reduction Strategy that it would be irresponsible for government to return the Zimdollar.
Former Finance minister and opposition People’s Democratic Party leader Tendai Biti has also warned that the printing of bond notes announced by Mangudya spelt doom for the country’s already fragile economy.
Meanwhile, National Vendors’ Union of Zimbabwe leader Stern Zvorwadza said they had mobilised their members to stop using the traditional banking system until the value of the bond notes has been clarified.
Renowned economist John Robertson warned that the introduction of the bond notes would have devastating effects on the economy, adding the possibility of government going into “print mode” was high.
- News Day
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