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Villages Not Spared From Hyperinflation: Poverty An Elitist Creation

Tsikira Lancelot by Tsikira Lancelot
July 8, 2023
in My View
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MURAMBINDA The Second Republic in the stewardship of President ED Mnangagwa launched the Devolution and Decentralisation policy upon attaining power.

Mnagangwa’s government promised to decentralise all crucial services and delegate authority.

This is not the case now as the country gladiates once again towards harmonised elections in 2023, August.

In an effort to combat escalating prices and control the foreign currency exchange rate, Mnangagwa abolished the uncoventional way of banking.

In 2011 Econet Zimbabwe introduced Ecocash which was well embraced by the General populace.

People could send and receive money in the comfort of their homes.

It was a reliable and cheap way of handling transactions.

Onemoney and Telecash were also other ways of mobile money transactions.

Instead of leaving noone and no place behind, Zanu Pf has excluded the rural communities from enjoying the benefits of easy way of banking as Muthuli Ncube the Minister of Finance abolished banking through Agent lines.

A an old women was all tears at POSB Murambinda recently after she had borrowed $5 for transport and withdraw money in RTGs and only managed to buy $3 on blackmarket which was not sufficient to cover her transport fee back home and not talking about paying back the credit.

NASSA pensioneers are getting less than 60 000 ZWL from Nassa Zimbabwe and the blackmarket rate at Murambinda; $1 US is equivalent to 16 000 ZWL.

If the government of Zimbabwe have not recentralised the banking system, the rural folk could not be involved in expenses they fail to redeem caused by transport cost.

The rural population is forced to flock to urban centres to look for banks and the little resources they have are channelled towards transport fare.

The money in the banks continues to be eroded by inflation as they try to raise transport fare.

The Review

Tags: EcocashHyperinflationMurambindaPoverty
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