FULL THREAD: Market Watch Suspends Services After Threats From Govt
Market Watch Zimbabwe, a team of independent analysts who claim to be focused on research into the Zimbabwean parallel markets as well as the stock market has suspended services after the government allegedly threatened them. Posting on microblogging, Twitter, Market Watch Zimbabwe said:
Threats from the Government suggest that Marketwatch has been pushing the parallel market rates, so we will no longer be quoting Rates for the next 2 weeks. @MthuliNcube @ReserveBankZIM @edmnangagwa #MarketWatchZW
https://twitter.com/MarketWatchZW/status/1147154686874738688
Market Watch Zimbabwe further said that after two weeks, they would have proved that they are not controlling the parallel market as they are merely researchers. They added:
After this period we feel we would have proved to the higher powers that we have no control and are simply “Market Watchers”. It all comes down to the people’s confidence in the new Zimbabwean dollar.
The team which is sceptical of the currency reforms has said that proper fiscal discipline can restore public confidence in the local currency. It added:
Can what the government is trying to do work? Yes it can. Will it work? We don’t know. With proper fiscal discipline going forward we do believe that confidence can be restored in Zimbabwe and our new Currency!
More: Market Watch Zimbabwe
