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1. RBZ cries foul, saying there are currency manipulators. Trust good ol’ Eddie Cross to tell us the source is ... government” “I understand that the Government paid the contractor on the Gwayi/Shangani Dam and they have gone into the parallel market to buy US dollars,” he said.
2. “Economist & Monetary Policy Committee (MPC) member Mr Eddie Cross told The Herald yesterday that China Nanchang could have offloaded funds it obtained from Government as payment for dam construction” says The Herald. Tsikamutanda says it’s the Chinese, the all-weather friends
3. But what would you do if you were a foreign investor like China Nanchang? You get paid hundreds of millions of ZWL$. They are worthless beyond borders; no bureau de change outside Zimbabwe will accept ZWL. You must offload them. Where did the Zim govt think this was going?
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