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Tawanda Musarurwa Senior Business Reporter
President Mnangagwa has said the Government will ensure policy consistency to promote a healthy business operating environment.
“Above all, we in Government must speak with one voice to avoid cross messages which bring confusion and uncertainty. Inconsistent public pronouncements on economic policies create fear, anxiety and despondency amongst our people,” he said.
The President was addressing a gathering of bankers, business people and captains of industry at a breakfast meeting at State House today.
“I am aware, the financial services sector is highly sensitive and thrives on the highest levels of integrity, trust, honest and good corporate governance. These values must be upheld at all times, as they are the bedrock upon which we can be a corrupt-free nation.
“The fear to lose wealth and savings, as happened during the 2008 economic melt-down, is current but unnecessary. I greatly appreciate and understand all your concerns and anxieties. Government is working day and night to stabilise the economy.”
President Mnangagwa said the Government was working to ensure economic stability, and that the multicurrency system was here to stay.
He said RTGS (real time gross settlement) balances and bond notes were secure as monetary instruments.
“Whilst the country is going through difficult times mainly because of lack of foreign currency to meet the growing demand for exchange across all the sectors of the economy, I would like to assure you all that the current multicurrency system of exchange is here to stay.
“All your RTGS balances at banks and bond notes in circulation are safe and secure. Safe and secure as legal instruments.
“There should be no pressure to exchange or to offload these balances as Government policy has not changed to warrant such anxiety,” he said.
Online Reporter