PRESIDENT Emmerson Mnangagwa on Tuesday said economic sabotage will not be tolerated, adding that all Zimbabweans should adhere to the rule of law.
The President said this Tuesday in his State of the Nation address, which simultaneously ran with the official opening of the Second Session of the Ninth Parliament of Zimbabwe.
He made reference to the currency manipulation that has resulted in disparities in the exchange rate thereby fuelling unjustified price increases in the economy.
Said President Mnangagwa: “I am encouraged by the nation’s positive response to the currency reforms we have embarked on. My Government is equally pleased with the relative stability of the exchange rate over the past eight weeks.
“However, the events of the last week, on exchange rate manipulation, amounts to economic sabotage and should not be tolerated. We all need to adhere to the rule of law and foster discipline at all levels.
“We are determined to consolidate digital financial services which are contributing to the creation of financial inclusion by way of delivering banking services to previously unbanked and vulnerable groups of our population.”
President Mnangagwa added that Government is addressing the cash situation by removing opportunities for arbitrage.