{"id":78905,"date":"2023-06-11T10:45:50","date_gmt":"2023-06-11T08:45:50","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mnangagwa-blames-west-opposition-for-zwl-collapse"},"modified":"2023-06-11T13:57:32","modified_gmt":"2023-06-11T11:57:32","slug":"mnangagwa-blames-west-opposition-for-zwl-collapse","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mnangagwa-blames-west-opposition-for-zwl-collapse","title":{"rendered":"Mnangagwa blames West, opposition for ZWL collapse"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>RELATED:<\/b> – By Alois Vinga<\/b><\/p>\n

PRESIDENT Emmerson Mnangagwa has blamed the opposition for allegedly roping in Western allies to destroy the local currency under a well-orchestrated scheme aimed at causing civil unrest.<\/p>\n

This follows the massive depreciation of the local currency on both the formal and official exchange rate markets.<\/p>\n

US$1 is currently trading at a high of ZWL5 354 on the official market with the parallel market hovering around the same margins.<\/p>\n

Some traders have adopted the habit of making it difficult to transact in ZWL and effectively forcing customers to pay exclusively in US$.<\/p>\n

Addressing thousands of Zanu PF supporters at Mucheke Stadium in Masvingo Friday, Mnangagwa said: \u201cWe in Zanu PF are building this country while some opposition parties supported by their Western handlers are causing suffering to our people through sanctions and the attack on our currency.<\/p>\n

\u201cWe are aware of those bent on causing havoc in the country by attacking our currency, they will never succeed, and they want our minerals. They want citizens to get frustrated and rise against the Zanu PF party. They are fighting to take advantage of manufactured poverty.<\/p>\n

\u201cThese detractors and their surrogates have never had the people of Zimbabwe at heart, our mass revolutionary party is the only party with a vision for the future,\u201d he said.<\/p>\n

He revealed that he had directed the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya and Finance Minister, Mthuli Ncube to stop price increases and manipulation of the exchange rate.<\/p>\n

\u201cThose who are going to be found committing crimes against measures we have put in place shall have their trading licences withdrawn because these people are doing these heinous acts to cause the suffering of our people. I now warn them three times,\u201d Mnangagwa said.<\/p>\n

The Zanu PF leader, whose administration has been accused of using violence and intimidation in the lead-up to the elections, called for dialogue and tolerance regardless of political affiliation.<\/p>\n

Mnangagwa further urged the youth to stand up and play their role towards the realization of Vision 2030.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. RELATED: – By Alois Vinga PRESIDENT Emmerson Mnangagwa has blamed the opposition for allegedly roping in Western allies to destroy the local currency under a well-orchestrated scheme aimed at causing civil unrest. This follows the massive depreciation of the local currency on both the formal and official exchange rate markets. US$1 is […]<\/p>\n","protected":false},"author":84,"featured_media":78904,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,35,12,2715],"tags":[1493,2189,19],"class_list":["post-78905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nMnangagwa blames West, opposition for ZWL collapse - zimbabwe<\/title>\n<meta name=\"description\" content=\"RELATED: - By Alois Vinga PRESIDENT Emmerson Mnangagwa has blamed the opposition for allegedly roping in ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mnangagwa-blames-west-opposition-for-zwl-collapse\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mnangagwa blames West, opposition for ZWL collapse\" \/>\n<meta property=\"og:description\" content=\"RELATED: - 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