Mutsvangwa Slams Govt’s Forex Allocation System, Says It Prioritises Non Forex Earners

Speaking to journalists on Wednesday, Zimbabwe war veterans’ association chair, Chris Mutsvangwa said Government’s foreign currency allocation system has failed and must be dumped in the dust bin.

He said the foreign currency system was used by Robert Mugabe’s Government to give a few individuals hard cash they would not have worked for. Said Mutsvangwa:


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The forex allocation system had been used by the previous government where certain few individuals get allocated hard currency which they would not have worked for by the Reserve Bank of Zimbabwe (RBZ). Tobacco farmers and gold panners are the major suppliers of hard currency in this country, but they are not enjoying the rewards of their hard work because it is taken from them and allocated to few individuals. They continue to wallow in the circle of poverty; they never get any better year after year. RBZ must not expropriate their money and give it to somebody else. Why take their millions of dollars and give them bond notes. In my opinion, those who work hard in the country and earn hard cash should be allowed to enjoy it.


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More: NewZimbabwe.com

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Mutsvangwa Slams Govt’s Forex Allocation System, Says It Prioritises Non Forex Earners