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Mangudya should honour his word and resign because bond notes have failed- Social Movements

6 years agoTue, 02 May 2017 10:16:00 GMT
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Mangudya should honour his word and resign because bond notes have failed- Social Movements

Social movements have called on Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mangudya to resign from his post as he promised he would do if bond notes fail to solve the cash crisis.

In a press statement released in Bulawayo today, social movements said:

There is no doubt that Bond notes have failed spectacularly because;

A. They are certainly not at par with the US dollars that we all originally banked,

B. They have served only to take away all the US dollars from the system,

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C. They are not the ‘incentive only’ that the governor said they would be,

D. They are not even accessible.

In essence, the Government has once again succeeded in illegally taking our money as citizens. The honourable Governor of the Reserve bank is on record committing to us at a citizens meeting, that he would resign if the Bond notes failed. Bond notes have completely failed. We challenge the governor of the reserve bank to honour his word and resign as he promised to do in the event of failure.

You can read the full press statement HERE

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