Global economist Professor Steve Hanke has said Zimbabwe has committed highway robbery after devaluing bond notes and RTGS in Wednesday’s monetary policy presentation.
Hanke said the Reserve Bank of Zimbabwe (RBZ) should be prosecuted for issuing bond notes and RTGS at par to the US dollar and then devaluing them. Speaking on Twitter, Hanke said:
By issuing bond notes and RTGS at par to the USD and then devaluing them, Zimbabwe has committed highway robbery of its citizens. There is no reason for citizens to trust the RBZ. It has a long record of thievery. Time to prosecute.
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People salaries are pegged in USD is the gvt going to adjust in line with the new rates?? Of which it should have done so long bck anyway. Now its official the civil servant earn about USD100.
on a logic of historical human centred justice not only the RBZ but the government of Zimbabwe both the first and second republic owes Zimbabwe and Zimbabweans an answer as to why it lead the nation into abject poverty and unbridled suffering infested by shameless elements of corruption.