Barclays Bank Zimbabwe chief executive officer George Guvamatanga has claimed that civil servants have no right to demand their money in cash because they are not exporters. He said that civil servants should be content using electronic money such as RTGS, EcoCash. Guvamatanga was speaking at the Mobile Money and Digital Payments conference in Harare. Guvamatanga said
Let’s face something here, you cannot have something that you have not created. We have to understand that when you want the US Dollar, you need to have exported. Farmers and small scale miners should get all their money in cash because they have exported. A civil servant cannot go to the bank and demand all their money in cash because he has exported nothing.
…Same applies to me, if I’m working here and I get my money credited to my account, I cannot go to the bank and demand all of it in cash. We have to understand that for us to have that cash, someone should have exported.
If you have not exported, all you have is your RTGS money. Use wipe! Use EcoCash. Use Telecash. Because you have not exported. The money cannot just appear from nowhere.
…We can’t continue saying “.it’s my money it’s my money”. Yes, it’s your money but it’s RTGS… That reality we should face it as Zimbabweans otherwise we have a problem.
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