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Post by MDC ZIMBABWE on Mar 10, 2004 9:20:46 GMT -5
Is the new monetary policy working or should we give it time to work?
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Post by juicyfruit on Mar 13, 2004 14:52:03 GMT -5
The new monetary policy is merely a "witch-hunt" it is failing to address the causes of the problems in the economy. There is a limit to how much monetary policy can do to help the economy during a period of severe economic decline. Currently there are no foreign trade opportunities,Zimbabwean technology isn't spinning off new products, and government policies aren't stimulating any growth(infact quite the opposite). We just need to go back to the basics of creating employment and economic growth. What creates that? Law and Order Investor confidence Foreign Trade Entrepreneurship Labor - the oldest of economic ingredients Now what do we have in Zim, we have some of the greatest entrepreneurs leaving the country and seeking refuge in the UK or elsewhere!! because we have a "great" new law that convicts them without trial I wonder what would have happened to America if the likes of Bill Gates had sought refugee elsewhere.
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Post by Freedom on Mar 15, 2004 11:27:08 GMT -5
I totally agree with you re: the witch hunt currently being carried out to successfull people in the banking sector under the guise of cleansing the beleaguered sector of corruption.What i fail to understand is why they have not also statrted investigating the RBZ governor himself because i know CBZ during his tenure was heavily involved in forex dealing.Is it a case of turning a blind eye to one of their own?
I ca not understand why one needs a licence from the RBZ to set up a bank in UK? I am still to find one Zimbabwean bank which was not involved in the forex trade and even mukuru wenyika also used froex which was sourced from the parallel market so why target only a few banking executives? Is it that the RBZ Governor is settling old scores or they are being used as sacrificial lambs with the parliamentary elections looming?
Still on the subject of externalising forex, i hope the Nutty Professor remitted all the proceeds he got from selling his house in Joburg and also that he has liquidated his accounts with ceratin banks in SA.
With these kind of leaders, is it any wonder that the country has gone to the dogs and everyone is fighting to get onto the earliest flight out of Zim?
Its also pointless to participate in the 2005 elections under the current legislation which heavily tilts the balance towards Kill (PF).
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Post by Godfrey Rukanda on Mar 15, 2004 12:01:38 GMT -5
Its not working it is adding further disorder order to the economy
When you are in the position of Gono you need to work with the banking sector as a team not as a Police Commissioner or like an Army Commander.
Hounding Vingirayi and company is not the answer I will never give my Pound to Gono I will rather keep it in Britain until I get my stolen voice
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Post by Godfrey Rukanda on Mar 27, 2004 6:10:41 GMT -5
This is gaff and senseless monetary policy I bet you today that it will be forgotten about very soon.
Creating normalisation in the banking sector is different from a misconcieved witch hunt
Gono should know that encouraging corporate governance in the banking sector is not a means of bringinng in forex in the country
If I was him i will have to address the following:
1) Leave the past because it will not lead us into the future.
2)Convince his masters that return to democracy is important.
3)Democracy can ensure engagement with the International community.
4)Have passion
5)Encourage management through provocation.
6)Be a catalyst between government and the business community.
7)Find Solutions to bring in forex based on the productive sector.
Last but you can not convince me to repatriate my money to Zimbabwe when the man running the finance of the country i.e Kuruneri is investing in SA.
It was shameful to learn that. Its a clear testimony that those even in ZANU PF have no faith with what is happening in the country.
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Post by Godfrey Rukanda on Mar 27, 2004 6:12:45 GMT -5
This is gaff and senseless monetary policy I bet you today that it will be forgotten about very soon.
Creating normalisation in the banking sector is different from a misconcieved witch hunt
Gono should know that encouraging corporate governance in the banking sector is not a means of bringinng in forex in the country
If I was him i will have to address the following:
1) Leave the past because it will not lead us into the future.
2)Convince his masters that return to democracy is important.
3)Democracy can ensure engagement with the International community.
4)Have passion
5)Encourage management through provocation.
6)Be a catalyst between government and the business community.
7)Find Solutions to bring in forex based on the productive sector.
Last: but you can not convince me to repatriate my money to Zimbabwe when the man running the finance of the country i.e Kuruneri is investing in SA.
It was shameful to learn that. Its a clear testimony that those even in ZANU PF have no faith with what is happening in the country.
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Post by Ren on Apr 15, 2004 5:01:46 GMT -5
The comments on this Forum are shocking to say the least, people please grow up! Witch hunt or no witch hunt, you cannot seriously tell me that you believe the current situation in the financial sevices industry should go on unchecked. Any well regulated environment imposses minimal solvency requirements to protect the consumers, go to the Basel Accord website for a quick eductaion lesson. Zim regulation has been weak for some years and it is about time there was a move to improve it, Mugabe induced or not. It's comments like these that at times make me wonder whether indeed we will be better off in an MDC world - although I acknowledge comments on this site are personal views from the public, I am making rparticular reference to comments from MDC members on this forum. Yesterday these same people would have been called Mugabe cronies who are feeding of the corrupt system, now they are poor lambs to the slaughter? Please! I for one do not have much sympathy for most of the bankers, and regardless of the motive this act goes does as a positive in my books. Please open your eyes, and stop being so petty
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Post by Godfrey Rukanda on Apr 24, 2004 5:27:43 GMT -5
I need to respond to (Pen's Article)
Well Pen people on the Forum are being petty I believe its a justified comment according to you depending on your status
Do you thing Gono is controlling or checking anything by closing banks! No
Who presided over such an horrendous economy for the last 24 yrs was it MDC or ZANU PF.
If one is a good manager the economy would performing well but Mugabe failed as a leader and administrator hence choosing anarchy.
If Mugabe failed every day of the 24yrs will thing today he can become so mystic and solve the Finance Service sector problem.
Mugabe's stupid thing is that any one who failed in Zanu pf ideologies must die (Ref:Moven Mahachi)
Pamba vana vanodzidza tsika kubva kune wabereki Iwe Pen unofunga kuti Ndinodzidza chii kubva kuna Mugabe naGono - hukororo
VaMugabe wakatengesa mUTUCKSHOP ANOTOTADZA nechindini nehugororo (INGA CHIKEREMA AKAKUUDZAI WANI)
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Post by JOB RAGA on May 1, 2004 5:31:10 GMT -5
There has been a modification in the monetary policy and I want to say to Financial Historians was the adajustment a failure or a success to me it was a failure.
Why?
1)Gono at first tried to use anarchy in the banking sector maybe he was taking a leaf from his master.
2)Change he was advocating in the banking sector was marred by eliminating old competitors.
3)But Gono made lots of profits when he was at CBZ were was that profit coming from? I can tell you an indication i.e currency dealing with parastals. He was a man who was using the black market like Juder in the bible and was eliminating others when your hands are also dirty.
4)Why now trying to match the black market rate ,it is because the exports are not performing and sooner or later it was going to be his demise.
5)But I have suspicion with his new money transfer agents I am charged £35 for doing a transaction but the Black market charges none.
I THEREFORE CALL ZIMBABWEAN IN THE DIASPORA TO CONTINUE WITH THE BLACK MARKET.
IN FUTURE YOU ASSETS ARE GOING TO BE INVESTIGATED BEWARE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Post by paula on May 3, 2004 13:41:02 GMT -5
Hello,
I dont know if you can assist me or not. I am an American and I have a friend in Harare to whom I recently shipped a gift. She has faxed me a copy of a letter from The Zzimbabwe Revenue Authority Commissioner General's office which states she must provide proof of the contents value and the packages insurance in order for the package to be delivered to her or pay an outrageous duty fee.
My question is, Is this legal? and what can I do to help my friend receive her gift? She has already requested receipts which I shall try to fax her, if I can find the proper international prefixes.
I realize this is not your responsibility, but await your kind assistance nonethless,
Paula Kay Barbee 604 Spruce St Mt. Morris MI 48458 (810)687-7772
Paula Barbee Data/Information Specialist Hurley PHO of Mid-Michigan 701 W. Eighth Ave Flint MI 48503 PH: 810-257-9062 Fax 810-257-9483
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Post by Job on May 15, 2004 5:25:35 GMT -5
att: Paula
You can not do anything this is a true example of mishandling of the justice system.
You can not say any thing here because they want to be seen as the very people who give impetus for survival to everyone.
On behalf of innocent Zimbabweans I want to express my apologies
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Post by JOB on May 15, 2004 5:31:57 GMT -5
Eric can you help
At the moment as a supporter of the Governor can you explain to me why costs of all commodities has doubled
Whats the impact of paying War collaborators and Chiefs
Is there any alignment between the Monetary Policy and the Fiscal Policy because as I see there is total GUESS WORK ECONOMICS
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Post by edmore on Jul 4, 2004 21:10:36 GMT -5
Dear Comrades
The RBZ and the Monetary Policy is a very interesting topic that hasn't worked at all.
If you go on zwnews of Sun 03 2004 you will find an article stating that Gideon Gono had a lot of foreign currency in his own bedroom comrades, and lots of it was stolen by his domestic workers who used the money to better themselves in terms of propery. This happened when he was still a Jewell bank executive. Some of the money was sorced for Bob's mansion. Some of it was used by Kuneri. Seriously Comrades how can we trust that same person to advocate for the non externalisation of foreign currency and come up with stringent monetary policies. Its really a shame to the Zimbabwean Government.
There are Zimbabwean students studying all over the world and these have been affected so much by the none availability of foreign currency in the country as well as the non aquisition of foreign currency to sponsor those studying.
Lets clean up the messy that we have created as a government, then start talking about foreign currency because some get it so easy and in starks of it and use it for their on benefit without thinking about the poor Zimbabean who hasn't even seen what a British pound looks like.
By Edmore Kwaramba
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Post by edmore on Jul 4, 2004 21:24:50 GMT -5
Dear Comrades
The RBZ and the Monetary Policy is a very interesting topic that hasn't worked at all.
If you go on zwnews of Sun 03 2004 you will find an article stating that Gideon Gono had a lot of foreign currency in his own bedroom comrades, and lots of it was stolen by his domestic workers who used the money to better themselves in terms of propery. This happened when he was still a Jewell bank executive. Some of the money was sorced for Bob's mansion. Some of it was used by Kuneri. Seriously Comrades how can we trust that same person to advocate for the non externalisation of foreign currency and come up with stringent monetary policies. Its really a shame to the Zimbabwean Government.
There are Zimbabwean students studying all over the world and these have been affected so much by the none availability of foreign currency in the country as well as the non aquisition of foreign currency to sponsor those studying.
Lets clean up the messy that we have created as a government, then start talking about foreign currency because some get it so easy and in starks of it and use it for their on benefit without thinking about the poor Zimbabean who hasn't even seen what a British pound looks like.
By Edmore Kwaramba
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Post by Eddie K on Aug 9, 2004 21:09:12 GMT -5
Good evening Zimbabwe.
Its sad to note the frantic efforts that Gedion Gono is doing inorder to cover up the corrupt practices that the government officials are so good at. We must not be blind folded by these crooks to think that they really mean what they say. Corrption has been and will always be there in Zimbabwe that is if we do not change the present government. Mugabe and his cabinet has always been involved in corrupt practices that have derailed the development of the country for such a long time.
Leaders who are corrupt have had their country fortunes slip like running water from the povos fingers. If you look at the life expectancy in Zimbabwe has just fallen so miserably due to the non availability of essential drugs. Every sector in Zimbabwe is bleeding.
Countries that have had corrupt leaders and still suffering from those effects in Africa are:
DRC under MAbuto Seseko and Kabila Zambia under Kaunda and Chiluba Gabon under Bongo Kenya under Nigeria under Obasanjo since all of the Niagerians are dealers. South Africa is still in the twilight zone, but its coming soon under Mbeki. Angola under Mongistu now a Zimbabwean NO 1 refugee.
Please continue to add more leaders on the list .......
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