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VP Chiwenga Threatens Illegal Forex Dealers

VP Chiwenga Threatens Illegal Forex Dealers

Vice-President Constantino Chiwenga Sunday threatened black market money traders with long jail terms and declared that the country will not redollarise despite a sharp weakening of the Zimbabwe dollar.

The former military boss made the remarks while addressing a ZANU PF rally in Marondera. 

He said black market trade was fuelling spikes in prices of basic goods and services thereby destabilising the economy. He said:

The black market has led to price hikes. We can’t afford our daily needs. It has also led to our local currency losing value. So the government is in the process of fixing this mess. Those found on the wrong side of the law will be dealt with accordingly.

We have warned you and we are going to make sure that you won’t come out of jail if arrested. We are going to introduce hefty measures. So people, please help us catch those wrongdoers who are dragging us behind.

Using other currencies brings nothing, but poverty. The use of United States dollars is devaluing our local currency.

The use of US dollars came after the Global Political Agreement (GPA) and the likes of (Tendai) Biti (former Finance minister) wanted to use foreign currency. We do not want foreign currency, we want our Zimbabwean dollar.

Recently, the Reserve Bank of Zimbabwe blamed the widening exchange rate premiums on the alternative market which it said was fuelling inflation and price increases since July last year.

Chiwenga echoes President Emmerson Mnangagwa who said Zimbabwe cannot base its economic recovery on a foreign currency which it cannot control. 

More: Newsday Zimbabwe

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slctman 2 months ago

Who is the "we"? asingadi US dollar? Mabusiness enyu murikutengesa zvinhu neZim dollar? Politicking!!!!

Jenarari 2 months ago

Nhai VeePee, mukasunga maMoney Changer, munorarama nei? Vanhu venyu ava. Ndivo ibwe repacorner muZANU

Munoiwanepi mari yekunotenga dzimba kuCape Town neSandton?

Shefu maakurasa gwara. Chinhu chedu ichi

G# 2 months ago

Kkkk yeah mari varikuiwanepi yokutenga dzimba apo varikushandisa US yacho, then oti US nooo vanopenga

Makelanwi 2 months ago

Indeed the country is being admistered by Ma****,same old stories.Saka rally was mere waste of resources and people's valuable time.RIP DeGeneral.

ED Munangagwa 2 months ago

*that's why he is a retired general, retired people are resting at homes*

Chete Chete 2 months ago

Decelerate mind

CCC member 2 months ago

Oh hes a Retired Gen ?!
I always thought he was a retarded general
My bad


Hezvoko 2 months ago

Statutory instruments / prescriptions/ lawshave never worked on economics. please get that in your thick skulls. Chi forex auction chatadza ku solva nyaya ye ma rates zvamakuda an act of parliament. lt will not work. Simpuru

Yvt 2 months ago

The economy is commanded by threats, this is economics we are talking about, and not military. The black market will continue to exist as long as bad money is the economy. Zvirikungoda mukomana apinde hake izvi,coz the whole country will be arrested as nobody wants the Zimdollar even ma company avo madhara aya.

Tk 2 months ago

Chinhu ichi chaora weduwe regai mukomana apinde hake deripiteting haana zvanoziya

𝗠𝗮𝗿𝗮𝘃𝗮𝘇𝗮 2 months ago

𝗪𝗵𝗼 𝗱𝗼𝗲𝘀 𝗻𝗼𝘁 𝗸𝗻𝗼𝘄 𝘁𝗵𝗮𝘁 𝗳𝗼𝗿𝗲𝘅 𝗯𝗹𝗮𝗰𝗸 𝗺𝗮𝗿𝗸𝗲𝘁 𝗯𝗲𝗹𝗼𝗻𝗴𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗭𝗮𝗻𝘂 𝗽𝗳 𝗴𝘂𝗿𝘂𝘀? 𝗧𝗵𝗿𝗲𝗮𝘁𝘀 𝘄𝗼𝗻'𝘁 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 𝘁𝗵𝗲 𝗯𝗹𝗮𝗰𝗸 𝗺𝗮𝗿𝗸𝗲𝘁...𝗷𝘂𝘀𝘁 𝗱𝗼𝗹𝗹𝗮𝗿𝗶𝘀𝗲 𝗮𝗻𝗱 𝘁𝗵𝗿𝗼𝘄 𝗮𝘄𝗮𝘆 𝘁𝗵𝗼𝘀𝗲 𝘂𝘀𝗲𝗹𝗲𝘀𝘀 𝗯𝗼𝗻𝗱 𝗽𝗮𝗽𝗲𝗿𝘀 𝘆𝗼𝘂 𝗰𝗮𝗹𝗹 𝗺𝗼𝗻𝗲𝘆.

Soul jah love 2 months ago

Ma Change money zivai pekuvhotera,matakurwa nema bhasi mukaendeswa ku Marondera ndovha mashowudiwa futi..tokuzivai ma change ndimi maZanu,imwi ma postori..Muchamama mukaramba muchi supporter ZANU pf..

Pamberi ne CCC
Pasi ne junta

Hulk Hogan 2 months ago

Don't mess with forex dealers,Mugabe tried it and found himself out of Politics.

Chikandamina 2 months ago

Hapana hapana 🏃🖕🖕🖕🖕🖕🖕🖕

Mhazi of silobela 2 months ago

We so scared - quacking in our shoes

Simpuru 2 months ago

I didn't want to comment out of the respect I have for the Retired General. But I'm forced to because of simpuru facts. Who is being these so called 'illegal forex traders'? Where do they the brand new USD notes from? Imagine someone having a bunch of brand new $1 notes🤔
The only way to defeat this 'illegal trade' is to fix the economy. Go to small countries like Swaziland and Lesotho,you'll never find street forex traders' You only exchange your forex at banks and bearue de changes. Ko imi murikuzvitadza sei nhai mukuru,it's because one way or the other,your fat fingers are involved. Simpuru
Saka musada kuchichidzira vanhu kuti heee muchasungwa yet muri imi muri in charge of the forex dealers. Simpuru

Cable Guy 2 months ago

Very very true

Stallion 2 months ago

fact tell them Simpuru.

Executioner 2 months ago

Nxaaa economy iyi yakungotongwa ne US dollar . The economy has already redollarised

Chasara kunzwa Mwonzora oti face ya Chamisa belongs to MDC alliance 2 months ago


Executioner 2 months ago

Chimari chaora ichi aaaaaa kkkkkk gadzira Zim pound pamwe zvingaita chiremera kkkkkk just joking

Maqethuka 2 months ago

Fix the economy first And everything will just fall into place. Simple mathematics....

Cable Guy 2 months ago

Sir yes sir simple

CCC member 2 months ago

Simpuru !

Mboko 2 months ago

Vaya vanoti. zanu pf ndiyo yakauyisa usd muno ..m****... Dai pasina mdc dai vasina kumbouyisa ma makugona kutenga ma**** e doller for 2.. Dai muchititori ma zillionaire now... Respect change ,respect. Chamisa and biti and cccc...

The use of US dollars came after the Global Political Agreement (GPA) and the likes of (Tendai) Biti (former Finance minister) wanted to use foreign currency. We do not want foreign currency, we want our Zimbabwean dollar.

Elder chimut 2 months ago

@_sitonyeni kkkkkk mamwe mazita soo kkkk

stonyeni 2 months ago

hapana chinobuda apa

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