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"Don't Panic Over Inflation, But Be Cautious" - Cross

Zimbabwean economist, Mr Eddie Cross says there is no need to panic over imported inflation which has been triggered by Russia’s invasion of Ukraine on 24 February this year.

This comes as prices of commodities in the country have continued to rise in the recent past despite the introduction of a cocktail of measures aimed at stabilising the economy.

The price of bread has shot up to ZWL$950 in some shops while the cost of several other commodities has also skyrocketed in recent weeks.

ZBC News’ Tendai Munengwa quotes Cross, a former MDC legislator as saying:

The President must not panic. The people must not panic, but we need to be cautious and support all government reactions to such pressures which are driven by global commodity markets.

The economic fundamentals are sound; our Zimbabwe dollar should be strong, but we are destroying our dollar. The Minister of Finance should trace the markets and institute proper mechanism to deal with these monopolies. These economic woes and attack on our currency will end in 24 hours.

Cross speaks after Reserve Bank of Zimbabwe (RBZ) governor, John Pamonetsa Mangudya has said the government has a robust strategy to sustain the local currency.

The currency has been losing value against other currencies since its reintroduction in June 2019.

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Tateguru 4 weeks ago

Condolences are usually heart softening


Mwakusha 4 weeks ago

IN BONDS rtg$ We TRUST😁😁😁Nonsense. Kutaura kweakaguta.


Imwe Mbeu 4 weeks ago

Guys, even USA is battling with inflation. The whole world irikutambura because of the war in Ukraine. But that doesn't compensate corruption though 😅


Machiavelli 4 weeks ago

Yes, the USA is battling with inflation @5.25%. Zvedu izvi zve1,300% aaaaaghhhhhhh.....

Ini 4 weeks ago

Makadii mhuri yeZimbabwe kumativi Mana enyika.Ini ndakazvimiririra bond handiride ndoda USA ndapota ndisvitsireiwo kumusoro.Vasandimanikidze Mari yavo


Jah🇿🇼Tsvarie-07 4 weeks ago

Cross your age has gotten to cross roads such that you cant advice new generation its Y2K, what is happening in Zimbabwe has never happened before and its done by the new generation coz they are a step ahead, they lead and policies follow...


Mmmm 4 weeks ago

Today I went to Profeeds to buy some goods in USD and saw that the original price for the goods had been inflated by around 70 to 80 %. So both the USD and zim dollar is inflating... how can this happen. So I should not be worried. We are in trouble.


True 4 weeks ago

sure unotozvishaya

𝗠𝗮𝗿𝗮𝘃𝗮𝘇𝗮 4 weeks ago

𝗦𝗲𝗻𝗶𝗹𝗲 𝗱𝗲𝗺𝗲𝗻𝘁𝗶𝗮 𝗵𝗮𝘀 𝘁𝗮𝗸𝗲𝗻 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗽𝗼𝗼𝗿 𝗼𝗹𝗱 𝗺𝗮𝗻 𝗖𝗿𝗼𝘀𝘀.


Gafa 4 weeks ago

A family size fool


Vybz Kartel 4 weeks ago

Ane nzeve tereresa ane maziso wonesesai kana ndichitaura Zim dollar richatonga rigotonga vano ukura vachingo ukura


Da Truth 3 weeks ago

Mugabe akati tichatonga kusvika madhongi amera Nyanga aripi Bobo

Mugabe 4 weeks ago

Cross must stop smoking ciccaine


Inkunzi 4 weeks ago

Political statements that mean nothing.


Manchez 4 weeks ago

What does this Eddy smoke


chahototo 4 weeks ago

very soon they will be calling Cross a proxy of Zanu PF. We are attacking our own dollar for cheap political mileage while the people you purpot to fight for continue to suffer. their idea is suffer first and then vote for us. it's been happening since 1999, but the neo colonialists continue to lose in elections


Da Truth 3 weeks ago

U can try to talk senseless ideas here but the mass is over the edge .We are waiting for 2023 only . Having fought the DRC war for nothing and left my fellow country man in the Congo jungle for Kasukuwere ,leo,Hondo and Bob family to enjoy themselves nothing this time will change my mind.Looting has been happening in zimbabwe for the past 42 yrs.
1.WILLOVALE MOTOR SCANDAL.
2.WILLOGATE .
3.KANGAI GMB SCANDAL.
4.NOCZIM SCANDAL.
5.MARANGE DIAMONDS SCANDAL BILLIONS SCANDAL.
6 ZRP UNIFORM SUPPLY TENDER BY CHIHURI.
7.ZISCOSTEEL LOOTING SPREE.
8.CARTHBERT DUBE SCANDAL.
9.GESHAM PASI ZIMRA SCANDAL.
10 PRISCILLA MUPFUMIRA NASSA STORY.
11.COVID FUNDS BY (///////////////)
12.DEYLISH POMONA BERMUDA TRIANGLE.
Telling a few cases out of thousands of stories that plagued our country for the past 42 yrs.If u are a Zimbo u know we'll these cases unless you didn't know about this then I will forgive u bcz u were not born by then.Zimbabwe had been thrown from 1 hand of greedness to the other.Blue I wish u were here in zimbabwe through these dark yrs and we are in the middle of it.

Tozivepiko 4 weeks ago

This government has destroyed our lives by its corrupt tendencies.

gandangaguru 4 weeks ago

stop bootlicking..... who is attacking our currency here.....we are all earning rtgs and zimsec announce exam fees in USD. and army general marries army Colonel imagine

Blue 💙 4 weeks ago

@ Chahototo, thank you for speaking sense. Poverty is somebody's political edge in campaigning. Without it, they will have nothing to say.

Blue 💙 4 weeks ago

"The economic fundamentals are sound; our Zimbabwe dollar should be strong, but we are destroying our dollar."
I used to say this, but lo, they called me **** and naive. By "they" l refer to @Asalif, Da truth, King of Serpents, Machiavelli, Zuze and company. And by company l refer to the CCC sheep 🐑 in here.
We alone are destroying our currency. Congratulations Zimbos, you're unpatriotic.
Maybe you'll believe Cross, since he's a white guy and you have Post Slave Syndrome


Da Truth 4 weeks ago

🔵🐒blue my bro greetings to you this morning 🌞.I hope slept well .Taking the CCC hardware to early morning media punching show being hosted by non other than u .I welcome u to the pindura show .Can ask u why the Proff Muthuli fly's to and from work everyweek is he earning bondnotes .Mangudya camp are these fellow country man earning bondnotes.We are destroying our economy yes I agree whois funding the black market.Money changers whois behind the dark game.Why do we have to hire a private jet for our president which is so expensive .In America the president uses Airforce 1 .Why can't we buy a presidential jet.Chivhayo did he deserve that money honestly tell me . Pomona Moyo project another zimbabwe Bermuda triangle area .Yes we are destroying the economy the Chinese in Kariba extension power generation project how many yrs to complete the work.

gandangaguru 4 weeks ago

@blue,, we are not destroying our currency... but we are trying to survive...... mthuli Ncube who is staying in Switzerland and earning USD is the one distroying the economy and unpatriotic..... we are earning those rtgs and we are paying tax religiously. ask mthuli and company if they ever slept without electricity

STALIN 4 weeks ago

PU SSY

STALIN 4 weeks ago

Middle name ra mangudya hanzi pamonetsa and you except someone anenge John to run 🏃the economy


Blue 💙 4 weeks ago

🙄🐑

Gigabyte 4 weeks ago

Cross is just singing for his next meal


Blue 💙 4 weeks ago

🙄

Murozvi 4 weeks ago

Cross is Ed's friend

doc wekwa zvimba 4 weeks ago

look at the price of bread,takupinda thaza,


🤦 4 weeks ago

the majority will panic and will continuing to panic,as long the economy remains at the cliff.
Why shouldn't one panic while you have to pay $11usd for exam fees per subject for a form 4 student.Hence as a parent you earn in local currency ZWL, they is more to panic for.
Majority will continue panic for everyday one wakes up you feel the heavy burden of the economy on your shoulders. 🤷🤷🤷


bigsam 3 weeks ago

old school economics....he is just signing for his supper

🤷 4 weeks ago

@RM exam per subject it's $11usd boss 🤷🤷 news was so clear,and they announced in some schools.the fact that it's not paid at schools directly... then you wake up being told don't panic

Rm 4 weeks ago

Copied directly from their published article. Itaiwo muchiverenga zvakanaka news idzi

Rm 4 weeks ago

"The 2022 examination fees are pegged against the USD. However, parents and guardians are advised to pay the fees at the prevailing interbank rate, as of 22 July 2022, which will be communicated by ZIMSEC to all centres.

Payments in USD are not to be made or accepted by school/centre heads. Parents and Guardians must make payments at their respective centres during the period 22 July to 29 July 2022."

Rm 4 weeks ago

Paexam fee marasika mukuru. ZIMSEC clearly stated that the fee will be paid in ZWL ONLY at the prevailing interbank rate. No payment in USD will be accepted


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