The situation, however, normalised later in the day, with all people managing to withdraw their money. Gweru Stanbic branch manager Nobert Mahwaya said he was not authorised to give a comment to the media before referring all questions to the marketing and brand office in Harare.
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Meanwhile, Cabinet on Tuesday stated that it was satisfied with the decision taken by the monetary authorities to abolish the multi-currency system and replace it with a local currency. However, the Zimbabwe Coalition on Debt and Development Zimcodd said in the absence of key fundamentals such as productivity, high levels of capacity utilisation, healthy capital account, addressing confidence deficit and trade surplus, the new measure has severe implications.
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This is the second time government assumed private sector debt under 10 years. Payable interest on the due amounts will further burden the fiscus and, if fundamentals do not improve at a quicker rate, may result in further fiscal misalignment. June 27, at am. Where on earth are prices in shops are linked to the ever upward fluctuation of forex black market rates? This defies all economics principles and logic. Where was your organization when these inhumane pricing was taking place or happening under your noses? The Government has to act, in order to protect the citizens.
I reckon your organazation is there to criticize for the sake of it! Therefore, it is natural to have our own currency as a medium of exchange. Your mind set need to changed so that you would understand that nations are built on the foundations of their own resources, not foreign. Respect your own inheritances and uphold your culture….
June 27, at pm. It is only the greedy and gullible who want the status quo to remain as it is. Those benefiting from the current status want the multi currency to remain so that they remain benefiting whilst the majority mire in poverty. No to agents of the devil who thrive on the suffering of people through useless demonstrations. Whose cause are those for demonstrations advancing and also what chaos has been caused by the removal of the multi currency. But others said more needs to be done to salvage the treaty.
If the United States, its allies, and Russia are serious about saving the treaty, then the time between now and February must be used productively in pursuit of a solution that acknowledges and addresses the concerns of Washington and Moscow. Last month, Trump threatened to withdraw from the INF Treaty, an agreement that eliminated an entire class of nuclear weapons from U. Russia, Trump said, has violated the arms agreement by building and fielding the banned weapons "for many years.
So one has to ask, 'How do you convince the Russians to come back into compliance with obligations they don't think they're violating? When asked, the Pentagon said Defense Secretary James Mattis is "completely aligned" with Trump's abrupt announcement to withdraw from the treaty. Army Col. Rob Manning said. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services.
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Technology read more. Maduro's reelection last year was contested by the opposition and criticised internationally - but he has until now retained the loyalty of the powerful military. The United States and its regional allies - Brazil, Argentina and other countries - had already endorsed Guaido in repudiation of Maduro. Left-leaning governments in the region, including Cuba and Bolivia, have thrown their weight behind Maduro. Mexico under its new president, Andres Manuel Lopez Obrador, has so far refused to take sides.
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Spain is closely linked to Venezuela, a former colony, as some , of its nationals live there. Since his self-proclamation as interim leader, Guaido has rejected an offer of talks with Maduro and called for a "major demonstration".