Social media personality and former ZANU PF Member of Parliament Killer Zivhu has criticised Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya following his warning against businesses that are now rejecting $5.00 banknotes.
Zivhu said threatening businesses for refusing to accept the notes will simply not work because they have become “useless” and trying to force traders to accept them may push some into “committing suicide. Zivhu posted on Twitter:
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Sometimes when u have useless notes you end up throwing them away ungaita seyi (what can you do?). Zvokuti its illegal hazvishandi vanhu havakutengeseri zvinhu zvavo (criminalising the rejection of the $5 banknotes will not work).
They tell you to go and buy at RBZ, kwete kwavari varume imwi veku RBZ moda kuti vanhu vazvisungirire ne shungu here musadaro (not to you. RBZ guys, do you want people kill themselves because of bitterness? Don’t do that).
Sometimes when u have useless notes you end up throwing them away ungaita seyi. Zvokuti its illegal hazvishandi vanhu havakutengeseri zvinhu zvavo.They tell you to go and buy at RBZ ,kwete kwavari varume imwi veku RBZ moda kuti vanhu vazvisungirire ne shungu here musadaro
— Hon Zivhu (@killerzivhu1) February 24, 2021
In a statement on Tuesday, Mangudya warned businesses that rejecting the $5.00 note is a criminal offence as all notes issued by the RBZ and in circulation are still legal tender. The statement read:
The Financial Intelligence Unit (FIU) is investigating cases involving traders who are rejecting $5 notes for payment for good and services. Such conduct is not only counterproductive but also criminal.
Those affected or inconvenienced by this malpractice should report to the Bank, the FIU or the nearest police station. The Bank urges all traders to conduct their operations within the confines of the law and respect consumers.
The Bank advises that all notes issued by the Bank and in circulation are still legal tender.