Former ZANU PF politburo member, Jonathan Moyo says the sudden fall in the value of the Zimbabwe dollar against the US dollar on Thursday was caused the Reserve Bank of Zimbabwe (RBZ).
Moyo made the allegations on microblogging site, Twitter, insinuating that the Central Bank intended to raise foreign currency for the Command Farming programme and President Emmerson Mnangagwa’s delegation to New York for United the Nations General Assembly. Wrote Moyo:
Reserve Bank of Zimbabwe treasury staff was told not to leave their desks at COB today to process “night disbursements” for Sakunda’s command agriculture looting-purse and per diems for Mnangagwa’s 90-strong New York delegation to the UN, as the ZWL-US$ exchange rate went haywire today!
Unconfirmed reports suggested that the Zimbabwe dollar was trading at 1:24 for electronic transfers later in the day on Thursday.
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The Targeted Command Agriculture is a Zimbabwean agricultural scheme aimed at ensuring food self-sufficiency that was introduced at the start of the 2016 - 2017 farming season following the drought of the previous season. The scheme was introduced as Zimbabwe struggled with economic problems. It... Read More About Command Agriculture