The governor of the Reserve Bank of Zimbabwe (RBZ) John Mangudya, arguably a controversial figure in the current troubled economic situation in Zimbabwe  has openly accused Matabeleland region of  contributing to the cash crisis.

Currently banks across Zimbabwe are faced with long banking hall queues stretching out of the buildings and round the block as people struggle to access the limited US$s in cash.

Where available, ATM and bank withdrawals are limited between US$100 and US300 depending on the banks in a situation where Mugabe’s Zanu PF regime has previously blamed corrupt business people for the externalising funds to foreign countries  thereby fuelling the biting cash crisis.

The crisis has been so severe that Mugabe’s Zanu PF regime, has been forced to introduce bond notes, to come into effect shortly and they  will be accepted locally in place of cash. Bond notes are currently being printed in Germany and due for delivery soon.

However, this morning, controversy was generated, by the  governor of the Reserve Bank of Zimbabwe (RBZ) John Mangudya, while addressing  a meeting set up by the  Roman Catholic. He claimed that Zimbabwe is now having to import greater quantities of  US dollars  to meet the demand, as   the Southern region, which traditionally favors the South African rand, no longer chooses to use the rand forcing the government  to import US$40 million in cash every month,  now instead of  the usual US$20 million. by Sibusiso Ngwenya