RBZ advises people to dismiss messages on social media, says no shortages will be experienced

The Reserve Bank of Zimbabwe would like to advise the Zimbabwean public to dismiss the social media messages that are circulating and suggesting that there is going to be a shortage of basic commodities. These messages are meant to cause panic and despondency and mayhem to the unsuspecting and peace loving members of the public. All such and other statements should be dismissed with the contempt they deserve.

Peddling of such fake news is quite unfortunate. There are no shortages of basic commodities. On the contrary, foreign exchange currently being allocated for basic and essential commodities has instead been increased to ensure that shortages of commodities do not occur within the economy. Zimbabweans should refuse to be hoodwinked by fake social media statements designed to increase premiums on the parallel markets by misguided rent seekers.

In addition, the Minister of Finance and Economic Development did not print bond notes to buy U.S. dollars from the streets. Such malicious statements are counterproductive and are meant to sabotage the economy that is on the rebound on account of the good agricultural outturn, strong performance of the mining sector and the recovery of the manufacturing sector.

By working closer together we achieve more.
John Mangudya Governor