MDC PRESS
30 July 2003
Mugabe And Zanu PF Are Incapable of Ending Zimbabwe's Cash Crisis
The economic failures of the Mugabe regime have made life almost unbearable for the majority of Zimbabweans. Whilst the Zanu PF elite continue to have easy access to cash, possess cars whose petrol tanks are constantly full and enjoy the luxury of having cupboards full of food, the majority of Zimbabweans are struggling to survive.
"The unprecedented cash shortage that has now engulfed the country epitomises the policy failures of Zanu PF. People now have barely enough money to buy food and fuel, barely enough money to pay their rent and household bills and virtually no money to buy essential things for their kids. The regime will search around for a scapegoat but Zimbabweans know who is to blame for denying them access to their hard earned money," said MDC spokesman Paul Themba Nyathi.
In a desperate attempt to tackle the cash crisis, the regime has announced that it intends to crack down on people hoarding money by phasing out the current $500 note over the next 60 days and introducing a new one.
"This move underlines that Mugabe and Zanu PF have not got a clue about how to tackle the cash crisis. They have no effective solutions to the crisis. As long as Mugabe and Zanu PF remain in power our economic hardships will continue." said Nyathi.
"In classic Zanu PF style they are tackling the symptoms rather than the causes. The root causes of our unprecedented cash crisis are the illegitimacy of the Mugabe regime and its gross mismanagement of the economy. These compelling factors have precipitated the spiralling inflation and the unprecedented deterioration of our economic situation.
The chronic cash shortages, and the broader crisis pervading the country, can only be effectively tackled once substantial steps are taken to restore democratic legitimacy and the rule of law. These factors are the essential pre-conditions for tackling our debilitating economic crisis. Zimbabwe needs to move in this direction as a matter of urgency in order to alleviate the increasing hardships of ordinary Zimbabweans."
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Zimbabwe Information Centre Inc, PO Box K824, Haymarket NSW 1240, Australia. www.zic.com.au
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