Governor Gono Should Just Quit!

ALLOW me to use your paper to demonstrate to your readership the folly of RBZ policy regarding cash withdrawal limits.

 

While the reason given for the limits has been to contain inflation there are serious double standards in this policy.

The lack of cash has created a society that charges for goods in rands and US dollars in direct contravention of the law. For one to buy something for cash or RTGS implies a multiplication of the cash price. We now have an RTGS exchange rate that is four times higher than cash, and so for each RTGS transaction, there is a 400% spot inflation rate.

I do not think the current governor has even an iota of understanding of what his actual job is. The man reports to himself and unfortunately our government actually seems to think that Gono knows what he is doing –– which he clearly does not.

All you need to do is listen to his highly superfluous speeches with zero substance. And all I can do is quote Oliver Cromwell: “You have sat too long for any good you have been doing. Depart, I say, and let us have done with you. In the name of God, go!”

David King,

divajking@hotmail.com