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Full Dollarisation Will Never Happen - Mangudya

Full Dollarisation Will Never Happen - Mangudya

Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, said that Zimbabweans should accept the partial dollarisation that is in place and stop fantasizing about the full dollarisation of the economy.

Speaking on Friday during discussions at the Chamber of Mines of Zimbabwe annual conference in Victoria Falls, which ends this Saturday, Mangudya said:

As Zimbabwe, we are on our own and we cannot go the full dollarisation route.

If you were dreaming of full dollarisation in Zimbabwe, that must stop.

Let us stop speculative attacks on our currency.

People who engage in speculative attacks on our currency are the same as witches.

Mangudya criticised Zimbabweans for their negativity over the challenges facing the country, saying all countries in the world are facing similar problems.

He said people should unite in defending the Zimbabwe dollar as the fight against inflation is not for the RBZ alone. Said Mangudya:

The power of negativity is weighing down positivity. We need to be positive. As long as I live, I am positive.

I thank the Lord for the gift of life. Why are we destroying our economy?

We want to tame inflation, but it is not an RBZ issue alone, it is not a Government issue alone, it is everyone’s task.

Let’s defend our currency, we don’t want the power of inflation to devour us.

Who are these people that are pushing up inflation either at night or in the morning?

We are still looking for them and we have suspended some companies from borrowing from banks because they were engaging in speculative borrowing.

More: The Herald

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21 Comments

understanding 3 weeks ago

true


Observer 3 weeks ago

Never say never.


🤷 3 weeks ago

Then how come they is usd registration fee, while we have our own currency?


Zvimbazi 3 weeks ago

Hanty munorifarira here Usd racho.... kkk

Vapfanha imimi sooo.
BHADHARA CHETE

Vagari vemuno 3 weeks ago

"Never say never"


Chimboti Pizza 3 weeks ago

Dai matorimbundira, kurinyomba hakuna zvakuchakupai kusara kwenhamo. Irori Zimbabwean Dollar


Steven Chidhumo 3 weeks ago

Asi mangudya anonyatsotembei chaizvo?


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t 3 weeks ago

t


Dzvamu 3 weeks ago

Mangudya i**** hapana zvaanoziva zve economy, he must simply resign


Machiavelli 3 weeks ago

When the Governor of the RBZ says "never", I take heart because it means very soon.

We don't have to wait for much longer. Full dollarisation is around the corner.


Machiavelli 3 weeks ago

@Blue Black, I said nothing about exchange rate.

Hezvo tiri pano. Today is June 4, 2022. Count 6 months.

Blue 💙 3 weeks ago

🤣, brother, let me tell you this. Even if we wake up tomorrow with the rate at 1:7000, the Zim dollar is going nowhere. Kanganwai henyu vana unpatriotic. Remember, s.e.x is a demon 👿 😂

Zvimbazi 3 weeks ago

preach mangudya preach . We want our currency not the United States of american dollar.....

King ED 2023 is my Lord
pfeee


Blue 💙 3 weeks ago

Nhai hako iwee. Unot9shaya kuti seivanhu vasingade kuita their own stuff

vito 3 weeks ago

mr man can u fix the economy and desist from apologizing yr **** doing on social media. Don't waste our tyme , we gave enough tyme bt u are still malingering with yr old ppl's home busy stealing nonsense. Stop fooling zimbos. Shit vote CCC 2023


Turoo 3 weeks ago

Pamberi nezimdollar vabereki


Chimboti Pizza 3 weeks ago

Hamuuraye Zim Dollar, Zim Dollar harife✊


Mwakusha 3 weeks ago

Which "ALL COUNTRIES"?


Chamisa junior 3 weeks ago

Uyu Musa mutedze ****


. 3 weeks ago

Hoo, try to dollarise yourself muone zvichaitika after 1yr $US ramushortage futi. Dollarisation is never an option guys, munomama.

Nimrod 3 weeks ago

Kkkkk. coming from the same person who said he would resign if the bond note lost its value vesus the us$. these people don't know what suffering means.



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