Business came to a standstill as customers fought and exchanged harsh words over a box of cooking oil in a Harare Supermarket yesterday. Zimbabweans stampede to hoard basic goods as shortages hit market.
Civil society organisations (CSOs) demanded the resignation of Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, saying the monetary measures announced by the government last week were wreaking havoc among the poor.
“The impact of the announcement of the monetary policy hits harder ordinary citizens as it immediately led to an increase in pricing of basic commodities,” the organisations said in a statement after meeting to deliberate on the crisis yesterday.
“CSOs demand that the governor should abide by the commitment he said that if the bond note does not work, he is going to resign. He also said that there was no need of having a separate account and he is now going back on his word.
“For economic transformation to happen, we need an environment that is predictable.”
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