HomeLettersCash crunch not the problem

2010 not the start of new decade

The liquidity crunch is not about the US$200 million sitting outside Zimbabwe.

 

It is about the lack of confidence which has made people keep their money at home rather than in banks. It is about the lack of productivity in the economy which has led to the importation of almost everything.

Almost all of our consumables in Zimbabwe are imports. It is also about being in an election mode for the past five years. 

It is about the billions of dollars in diamond revenues that are being diverted before they reach our pockets. It’s about 32 years of one-man rule.

Change all these issues and you will see liquidity exceeding US$10 billion surplus on a daily basis. I know this for a fact!

Chenai Chipikiri,
Harare.

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