Calls for Mangudya to resign get louder

zwnews.com Chief Reporter- Simba Moyo

“The Honourable governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya is on record committing to us as citizens that he would resign if bond notes fail to serve their intended purpose.

“They have completely failed, we challenge him to honour his promise, and resign,” and these were the sentiments of #ThisFlag founder pastor Evan Mawarire. His sentiments have been echoed a number of times by some Zimbabweans, as the cash crisis deepens.

He said the notes have only succeeded to impact negatively to the economy by chasing the green buck away, and that people are failing to get money from banks and their exploits are not being rewarded, after having had worked so hard.

He is not alone in this school of thought, a lot other Zimbabweans are singing the same tune.

Meanwhile, the Zimbabwe National Student Union (ZINASU) has added its voice.

ZINASU Secretary General, Makomborero Haruzivishe recently expressed the same sentiments, urging the apex bank boss to resign immediately. He said if he is lazy to write the resignation letter, the students will write it on his behalf, and present the letter to Mangudya for his signature.

He said Zimbabwe’s education sector have been badly affected by the cash crisis, as students fail to get money, spend hours queuing for cash at banks, thereby compromising their education.

“We demand the RBZ boss Mangudya to keep his word that he would resign from his post as the central bank’s chief, if bond notes fail; to do so immediately, or we will force him to honour his word,” he said.

Zimbabwe’s liquidity crunch is being exacerbated by lack of foreign direct investments, low exports, and lack of investor confidence, that have kept investors from keeping their cash in the economy or banks. People are not happy with the condition that they cannot get back the money they would have deposited.

Even President Robert Mugabe is on record saying he too, has lost confidence in the country’s banking sector, and would rather keep his money under his pillow at home (at State House)

Recently, farmers who had brought their tobacco to the floors had to protest after failing to get their cash, to which the government reacted by setting loose riot police in full combat gear to beat them up, for not being patient by wanting their money.