'ZANU PF now a threat to the country' says Biti

'ZANU PF now a threat to the country' says Biti
Published: 25 June 2019 (227 Views)
MDC Vice President Tendai Biti says the SI 142 of 2019 gazetted on Monday by Finance Minister Mthuli Ncube is the last straw that shall lead to the removal of ZANU PF from power.

On Monday Ncube banned the use of foreign currency in the country and introduced a new money called the Zimbabwe Dollar which is now the sole legal tender.

"Years after Emmerson and his lot are gone SI 142 of 2019 will be remembered as the turning point, their Sarajevo." Biti said. "That moment it became clear even to the most ardent, that they had outlived their usefulness. That they had become a threat not only to the country but to themselves too."

The Former Finance Minister added that the Zim Dollar does not satisfy all fundamentals needed for a new currency.

"A currency is a mirror of the national economy. It reflects output. It reflects the current account. It reflects confidence and fundamentals. It is absolutely insane to de- dollarize without production, without reserves and with a confidence deficit. It is politics."

Zimbabweans have received the banning of foreign currency with mixed feelings and expectations. On Tuesday some of the shops were closed to align their pricing with the new directive.



- Byo24News

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Another resounding victory for Zimbabwe

by Daniel Itai | 17 July 2019 | 120 Views

Duty waiver on solar equipment

by Staff reporter | 17 July 2019 | 104 Views

Govt to announce workers' package

by Staff reporter | 17 July 2019 | 131 Views

Chinese to invest US$15m in solar plant

by Staff reporter | 17 July 2019 | 78 Views

Perrance Shiri warns defaulting new farmers

by Staff reporter | 17 July 2019 | 113 Views

City ups trenching fees from $10 000 to $100 000

by Staff reporter | 17 July 2019 | 77 Views

Gabriel writes off Bosso debt

by Staff reporter | 17 July 2019 | 69 Views

Zimbabwe Gems thrash Barbados

by STaff reporter | 17 July 2019 | 74 Views

Prophet in murder & robbery gang

by Staff reporter | 17 July 2019 | 80 Views

Bulawayo town clerk back at work, Kambarami in court

by Staff reporter | 17 July 2019 | 57 Views

Murisa honours Ali 'Baba'

by Staff reporter | 17 July 2019 | 50 Views

Gukurahundi victims top documentation hearing

by Staff reporter | 17 July 2019 | 49 Views

Modi given standing ovation at dogs-attacked woman's church

by Staff reporter | 17 July 2019 | 69 Views

Women give Gweru council 14-day ultimatum

by Staff reporter | 17 July 2019 | 57 Views

Stanbic Bank pays workers advance wage to avert strike

by Staff reporter | 17 July 2019 | 76 Views

Civil servants wages: Govt can't run forever

by Editorial - Newsday | 17 July 2019 | 69 Views

Mnangagwa creating a bourgeoisie class

by Paidamoyo Muzulu | 17 July 2019 | 72 Views

Chivayo request bribery proof

by Staff reporter | 17 July 2019 | 56 Views

Interbank rate throws HCC off rails

by Staff reporter | 17 July 2019 | 59 Views

Man up for torching neighbours' huts

by Staff reporter | 17 July 2019 | 52 Views

3 cops in 160kg gold ore heist

by Staff reporter | 17 July 2019 | 28 Views

Farmer unmasks Gwaradzimba

by Staff reporter | 17 July 2019 | 43 Views

Mandiwanzira's Megawatt saga rages on

by Staff reporter | 17 July 2019 | 32 Views

Warrant of arrest for Zanu-PF councillor

by Staff reporter | 17 July 2019 | 34 Views

Man kills drunk, noisy mum

by Staff reporter | 17 July 2019 | 44 Views

Poor salaries jolt civil servants

by Staff reporter | 17 July 2019 | 26 Views

Matibiri sued over US$189k farming inputs debt

by Staff reporter | 17 July 2019 | 29 Views

July Moyo steps in to resolve BCC, ZPC rift

by Staff reporter | 17 July 2019 | 30 Views

Chidakwa, Gudyanga trial date set

by Staff reporter | 17 July 2019 | 25 Views

Sikhala case exposes MDC confusion, dilemma

by Nobleman Runyanga | 17 July 2019 | 63 Views

Gloves off on corrupt fatcats: Zacc

by Staff reporter | 17 July 2019 | 33 Views

Mnangagwa's prosecutors castigated by magistrate

by Staff reporter | 17 July 2019 | 30 Views

Armed robbers pounce on combine harvester, steal diesel

by Staff reporter | 17 July 2019 | 30 Views

Sikhala arrest cost us Bikita East by-election, claims MDC

by Stafff reporter | 17 July 2019 | 27 Views

ZRP warns against mob justice

by Staff reporter | 17 July 2019 | 31 Views

'ZHRC making inroads at problematic institutions'

by Staff reporter | 17 July 2019 | 19 Views