Jonathan Moyo Worried That US$2.5 Million Donation Will Disappear

5 years agoFri, 05 Apr 2019 11:14:55 GMT

Jonathan Moyo Worried That US$2.5 Million Donation Will Disappear

Former Minister of Higher and Tertiary Education, Professor Jonathan Moyo says President Mnangagwa’s excitement over a donation of USD$2.5 million by the United States of America raises fears that the money will disappear. Said Prof. Moyo:

Mnangagwa, calling the collapsing local RTGS$ currency “ma RTG”, excited like a toddler who’s had a lollipop for the first time, talking about receiving USD 2,5 million from the US Ambassador in Harare for Cyclone Idai victims. This has raised fears the money will just disappear!

President Emmerson Mnangagwa on Thursday seemingly mocked the local RTGS currency while addressing Ngangu communities in Chimanimani. Mnangagwa was quoted as saying:

I received three letters of condolences from the Royal Family. I was so excited about this development but what excited me most was about Trump.
Do you know Trump? President from which country?…America. Eheeee. He imposed sanctions on us, yesterday he sent his ambassador with US$2, 5 million eheeeeeee…US$2, 5 million from their country! Not maRTGS aaaah.No, I mean the real hard currency from their country (chaiyo chaiyo).
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Hey, things do change. Kuipa kwezvimwe kunaka kwezvimwe (life brings both good and bad).
They gave us US$2, 5 million but they told us that they can give us additional support through their station in South Africa. The ball is now in our court. Our only task now is just to come up with a list of our needs.

The introduction of the RTGS Currency was announced on 20 February 2019 by Central Bank governor John Mangudya during his presentation of the Monetary Policy Statement.