National Constitutional Assembly (NCA) leader and University of Zimbabwe lecturer, Professor Lovemore Madhuku was yesterday criticized by angry Zimbabweans who felt his stnace to support government’s recently enacted Statutory Instrument 142 of 2019 which outlawed multi-currency regime was insincere to the suffering masses.
By Marshall Bwanya
According to Professor Madhuku, Zimbabwe is better with its own currency that using the United States dollars whose supply has over the years dwindled leaving the country with a severe cash crisis.
“I believe that the country will be better off with its own currency than without. The issue of whether the current government has capacity to manage our currency is a wholly different matter over which reasonable people may disagree,” Professor Madhuku wrote on his Twitter account.
However Zimbabweans could not hide their anger saying the introduction of the new currency without addressing fundamentals that led led to its abandonment in 2009 was a prescription for a wrong ailment.
“Professor, if the reasons for the abandonment of our own currency in 2009 are not corrected, then no miracle will save this new sovereign currency. That is the basic reasoning that should have been applied. This is all child political play. It will not work. #ActiononReforms,” said one Twitter user @IshmaelMaz in response to Professor Madhuku’s post.
The introduction of a new currency has been a melting pot since Finance Minister Professor Mthuli Ncube announced through Statutory Instrument 142 of 2019, the abandonment of the multi-currency.
This abrupt decision was met with skepticism by Zimbabweans who lack confidence in the reintroduction of the local currency.
Another Twitter, user @epoh40 dismissed Professor Madhuku’s comments as an unreasonable political gimmick that did not provide any viable solution to the current economic meltdown.
“Any reasonable Zimbabwean will learn from history. Any reasonable Zimbabwean will judge a matter objectively. Any reasonable Zimbabwean will know fundamentals are not in place. Any reasonable Zimbabwean will know it will not work, simple,” she posted.
