President Robert Mugabe has admitted that he does not trust the banking system to allow him to access his cash, and as a result, he also keeps his money at home.
In an interview with state media, before his birthday, Mugabe admitted that he empathized with ordinary people who preferred to keep their cash at home due to the ongoing cash crunch. He admitted that the majority of the people in the country are afraid that they may not be able to access their money, resulting in those who have spare cash preferring to keep it out of the banking system.
Said Mugabe during the interview:
That’s what has happened; these homes are stashed with cash
If we unleash the police and soldiers and say go yee, house by house and dig for the funds that are being hidden there; don’t take them as yours but dig them up and tell us who and who have them, you (interviewee) will be guilty, I would be guilty.
I don’t know who will not be guilty because we are all afraid we may not be able to access our monies tomorrow if we deposit it, so you tend to keep it.
The president blamed the system for the shortage of cash saying:
It’s not your fault, it’s not my fault, it’s not his fault, it’s the fault of a system that has not yielded enough cash.