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Mnangagwa Blames "Country's Detractors" For Inflation, Zim Dollar Devaluation

1 year agoWed, 14 Jun 2023 08:41:53 GMT
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Mnangagwa Blames "Country's Detractors" For Inflation, Zim Dollar Devaluation

President Emmerson Mnangagwa has blamed what he calls the country’s detractors for runaway inflation and the collapse of the Zimbabwe dollar against other currencies.

Addressing the 369th Ordinary Session of the Politburo in Harare on 13 August, Mnangagwa warned that those behind price hikes and the devaluation of the local currency will be prosecuted. He said:

As we convene today and focus on the elections, the usual machinations and heinous acts of our country’s detractors to reverse our development agenda are glaring.

This is evidenced by their antics and asymmetrical warfare tactics, which include the attack on our currency and the wanton increase in prices of basic commodities…

They will never succeed and perpetrators are being brought to book.

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This week, the Zimbabwe dollar further weakened on the official exchange rate market to US$1: ZWL$5 978 from ZWL$4 868 set last week.

Traders are allowed to peg the rates at a range of plus or minus 10% which means that they can now use a high of ZW$6 575 against the US dollar.

Journalist Hopewell Chin’ono has blamed the Government for exchange rate volatility. He said:

You print a lot of money and pump it into the economy.

The natural happens, the local currency crashes and prices go up ending up with the highest inflation rate in the world.

You offer Government services like passports and customs duty in US Dollar terms only.

Then you blame others for your misfortunes!

On Tuesday, Chin’ono said Zimbabwe is now in hyperinflation with an Inflation Rate of 1 220%. He said Zimbabwe’s inflation rate is now the highest in the world.

More: Pindula News

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39 Comments

Anonymous · 1 year ago
Good at blaming others Gold Mafia King your family has looted Zimbabwe 🇿🇼. Mugabe looted Zimbabwe and you were part of the looters you still loot. You are the Sanction you are the problem ED. Zanu pf is the demon and you are the devil running a government in hell.
kkkk · 1 year ago
this dog is troubling us
y · 1 year ago
ku****aaa kwenyuuu a****oo
doodles · 1 year ago
C'mon....I guess Ed would have blamed the Rhodesians had he lost the struggle. This simply proves that he (ED) is punching above his weight.
Anonymous · 1 year ago
43 years dzekutambudzika topamhidzira nedzimwe 5 years dzekuparadza kwakashinga..ichokwadi vanhu ve Zimbabwe..
myself · 1 year ago
Mr President you can rig the election but you will never ever rig the economy.... 23 August topinda muma billion zveee... chii chimwe chamuchaita pa 5years dzamurikuda kuvoterwa ZVAMAKATADZA pa 43years of suffering munoda 5years of looting n looting shame on you
..... · 1 year ago
Mmmm, blinded by stu......
Anonymous · 1 year ago
Ed weary reach sell cattle on farm and balance thus how a mother doesn't cry she goes here and there for ch to eat see you mr
yoweeeee · 1 year ago
mr president things have apart , blame nobody except yourseIf and those crooks that surround you . There is nothing a detractor here , you are detracting yourself . You can rig the masses bt not the economy , loook what is happening now , everyone is suffering becoz of your party . You cant lead people who dont want you , the people who have the means dont want your corrupt leadership , period .
Anonymous · 1 year ago
Detractors detractors detractors has always been this Zanu Pf regime's slogan from time immemorial We have also been told that the detractors's days are numbered ad nauseam Don't they get tired of lying to the electorate and why don't we wake up from this deep slumber Zimbos and do what's supposed to be done How can we anywhere with the likes of PK Patriot in our midst?
CHAWABVUNZA · 1 year ago
ZANU PF and its government have admitted that they have failed. Why should they continue to blame unseen and unnamed detractors ? [ CITIZENS MUST NOT VOTE FOR GOLD MAFIA CRIMINALS ] If ZImbabwe government has been beaten by the detractors, then let us join them. Where are we going ? Both His Excellency Advocate President ED Mnangagwa and Professor Mthuli Ncube can not answer this question. These guys must be relieved of their duties at the Harmonised Elections on 23 August 2023. [ THE BUSH LAWYER4CCC ].
Anonymous · 1 year ago
Detractors detractors detractors has always been the Zanu Pf slogan from time immemorial Sometimes we are told that the detractors' days are numbered and this has been said ad nauseam as well Don't the powers that be get tired of lying to the electorate?
Dark 🌑 Retribution Dark 🌑 · 1 year ago
If we reach 2030 while this economy hasn't been stabilized, there is going to be war, Zimbabwe will drown in its own blood.
Horse Cock Harry · 1 year ago
I'd like to drown in your blood coni 🙃😊
Tiffany · 1 year ago
@Horse Cock Harry I have seen that comment before, we know who you work for.
Horse Cock Harry 🐎 · 1 year ago
I know you're a girl of CCC and you like to call people EDots
KG · 1 year ago
CONI WAFARISA DON'T EVER TALK OR ADVOCATE FOR VIOLENCE UNOFIRA MUJERE.YOU WILL EASILY JOIN YOUR FRIEND JOB
13 August · 1 year ago
who do editorial of your news, Pindura!
coni · 1 year ago
panekuti ed pfee muchati ed pfuuuu masurirwa kumewoka muchanzwa butter amusati mati amusati matanga chazvakanakira we all suffer asingade zanu neaanoida we buy in the same shop we experience same challenges so it's wise to vote wisely vote NELSON Mandela Chamisa takanonanganisa Pana Chamisa ipapo ipapo pasi nezanu pasi nembavha pasi nemhandu takanonanganisa Pana Chamisa ipapo ipapo pasi ngaapinde hake MKOMANA
Hwisiri · 1 year ago
@Coni ini ndiri kuda kukupinda woo
Tiffany · 1 year ago
Spooky art, you are nauseating!
Sorojena · 1 year ago
Inflation sterms from bad policies and politics. Our detractors are are within the system Mnangagwa himself alone can handle them. It's not America, CCC or Kasukuwere. But bad governance, buying an unbudgeted fleet of ambulance helicopters without parly consultations... And you think inflation will go down 👇, never. The gargantuan appetite for spending on unnecessary things is bogging down your wishes Mr President
cid · 1 year ago
ndakapinda mu Spar yepa Chivhu rate is now dollar as to10 000 kkk pakaipa
ini zvangu · 1 year ago
Next week ndopanenge pave (Un) Official rate, Black Market(Actual) rave pa 20000
KG · 1 year ago
YOU PEG THE RATE IN BLACK MARKET TO THE HIGHEST DIGITS AND INCREASE PRICES BEYOND THE REACH OF MANY PEOPLE THEN POINT A FINGER AT ED ARE YOU ABSURD?
Impala · 1 year ago
am a Zanu pf supporter but 🤔 nyika yashata guys TBH hapana kna one chirikufamba
cirumhanzi · 1 year ago
ngaapinde hake mkomana taneta nazvo izvi
Anonymous · 1 year ago
This is madness at its highest level. How about corruption and protection of criminals in all shapes and forms of corruption. Any comment on goldmafia or is it the norm for this corrupt regime.
Hokage · 1 year ago
@Anonymous , this is just absurd , they turn a blind eye to the Gold Mafia , That documentary had massive evidence , it was literally just 4 hours of hardcore confessions , I mean what more evidence can one possibly need than a bloody confession? this president is just mega corrupt to the core of his core .
Zindoga · 1 year ago
Even FAZ can't help u to rig the economy. Waenda Mnangagwa
bounty hunter · 1 year ago
mr president the official rate ndiyo yakatowanda black market is offering less bond notes per 1 usd$... black market vari kupa 3000 bonds & 6000 bonds official rate.. please help hameno muchapa gadzirisa sei... we support you president
Hokage · 1 year ago
@bounty hunter 😭 you still support him ? mark my words when 2030 clocks in and Zimbabwe is not yet a. upper middle class economy he's gonna blame someone else
Rtgs · 1 year ago
highest inflation rate in the world?. kkkkk
Bvepfepfe · 1 year ago
🤣🤣So if ED wins it means for the next 5 years zvinenge zvichikonzi maSanctions. In 2030 zvinenge zvichingonzi maSanctions have made us fail to make Zim an upper middle income economy. Vote for Chamisa and CCC chisa chisa
...... · 1 year ago
sanctions,saboteurs,detractors,enemies.........

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