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Mmatigari, a social media personality active on X (formerly Twitter), has accused the Ministry of Finance, Economic Development, and Investment Promotion and the Reserve Bank of Zimbabwe (RBZ) of lacking empathy for the majority of citizens who are inconvenienced by the critical shortage of ZiG notes and coins.
Authorities introduced the ZiG on April 5, 2024, to replace the Zimbabwe dollar. However, there continues to be a serious shortage of ZiG notes and coins, significantly impacting the day-to-day lives of most Zimbabweans.
While supporting the introduction of the new currency as a noble idea, Mmatigari contends that the Treasury and RBZ bosses have become divorced from the daily struggles of the people, displaying a “lack of empathy” and disquieting indifference to the citizens’ plight. Below is Mmatigari’s post on X:
<blockquote>
1/ ZIG’s a brilliant idea. In fact, we must work towards dedollarising fast.
However, the intro &amp; execution of ZIG by [the Ministry of Finance, Economic Development and Investment Promotion] &amp; [the Reserve Bank of Zimbabwe] shows disquieting indifference &amp; absolute LACK OF EMPATHY for people by policymakers. Here is why:
2/ Millions of Zimbabweans run small businesses and earn below $300/month income. Here is the problem: In Harare, before the ZIG intro, an average kombi trip was 50c. There was change in bond notes before ZIG. This means getting into and out of town costs $1 using public transport
3/ In the first week of April, @ReserveBankZIM introduced ZIG. Suddenly, there is no way to change a dollar.
What do kombi drivers say to the commuting public? Find a partner to pair with and reconcile on your own because we don’t have change. Otherwise, the fare is $1.
4/ This sounds innocuous if you think of it as a $1. But what does that actually mean?
The ramifications are huge. The effect of this is that a trip for any commuter is at least $1.
5/ Why is this change significant? It’s huge because it’s a 100% increase in commuting costs.
Take commuters who work 6 days a week doing a round trip into town. That’s 24 days. Before April, they needed $24 a month. Now they need $48, a 100% jump.
6/What’s the meaning of that? Assume a worker at Pick n Pay earns $250 net of tax. In March, their income after commuting was $226. Suddenly because of the bumbling execution of ZIG, that employee is left with $200. If that employee has a child commuting to school, do the math.
7/ What does this mean for small businesses? An SME needs all hands on deck. Assume you have 10 employees, and before ZIG in March, you paid them a $25 transport allowance, that’s $250. In April, the allowance goes up 100% to $500 per month, wiping off your profits.
8/ I am only factoring in a round trip. Think of an employee at Pick n Pay Highland Park in Highlands who lives in Kuwadzana. The transport cost shoots up from $2 to $4, daily. That balloons the commuting costs to $96 a month.
9/ Commuting costs have doubled in a month, and we know that salaries have not doubled. What is this doing to our people? Just because the RBZ is not availing bank notes and solutions to make life convenient for our people.
People are not asking for much, just basic issues.
10/ And what’s worse? Kombis are very unlikely to bring back the commuting cost per trip to 50c even if change is made available in ZIG tomorrow.
11/ So what is this doing to inflation stats? What is this doing to small businesses and self-employed people? 
What is this doing to school kids commuting to &amp; from school from low-income households? What is this doing to civil servants? What is this doing to society in general?
12/ I have seen videos of women wrestling kombi staff to get their change back, and we know it’s a structural problem.
Why did we not think about these basic questions that affect the majority of our people DAILY. It’s now over a month plus since ZIG was introduced.
13/ Officials at the ministry of finance &amp; [Reserve Bank of Zimbabwe] drive cars, probably get fuel coupons, don’t know what a kombi looks like and probably don’t know who picks and drops their kids to &amp; from school.
They are VERY divorced from the daily struggles of the people. Clueless.
14/ How else can u explain such basic issues affecting millions not getting addressed over a month after ZIG’s introduction?
The only sensible explanation is an absolute lack of empathy and disquieting indifference to the people’s plight by @ZimTreasury &amp; @ReserveBankZIM officials.
</blockquote>
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

ZiG Cash Shortage: Treasury, RBZ Bosses Are Clueless And Have Zero Empathy For Zimbabweans, Says Mmatigari

ZANU PF crusader known on social media as Matigarihas advised Zimbabweans to convert their foreign currency into the local currency for local transactions.
These remarks come when yesterday the Reserve Bank of Zimbabwe relaxed Statutory Instrument 142 of 2019 which banned the use of all foreign currencies for domestic transactions.
The central bank this Thursday authorised citizens to use their free funds for domestic transactions adding that the move was triggered by the outbreak of the coronavirus pandemic. Matigari posted on Twitter and said:
<blockquote>Some folks are very excitable about RBZ directive. <a class="link-complex" data-user-name="hwendec" href="https://twitter.com/hwendec/" rel="noopener user noreferrer" target="_blank">@hwendec</a> especially. It’s stupid to ask People to use cash as it spreads <a class="link-complex" href="https://twitter.com/search?q=%23COVID19" rel="hashtag noopener noreferrer" target="_blank">#COVID19</a>. So my reading of this is: 
-Convert yo free funds to ZWL digitally &amp; pay. 
-no trade in USD -rate will be 25:1 
-this ISN’T multicurrencies!</blockquote>
Some analysts say that the move is a blunder and a strategy to harvest the people’s money. They say that the lockdown definitely results in low imports hence less demand for the foreign currency.
They say the government intends to buy tobacco at a fixed rate which is tantamount to buying it for a song.
They further note that Zimbabwe should have used the opportunity to revive the collapsed industry which would bring value to the Zimbabwean dollar as a few would need to be imported.
More: <a href="https://twitter.com/matigary/status/1243411464687218689">Mmatigari</a>

"Convert Your Free Funds To ZWL Digitally," ZANU PF Crusader

Dear Gentle Reader
We extend our sincere apologies to Mr Taurai Chinyamakobvu for an unfair statement we made in our Thursday article: <a href="https://news.pindula.co.zw/2019/11/14/breaking-cbz-caught-smuggling-cash-to-the-black-market/">BREAKING: CBZ “Caught Smuggling Cash To The Black Market”</a>.
The statement suggested that Mr Taurai Chinyamakobvu is @matigary, a popular Twitter personality. We said: “The alleged scandal was disclosed by popular twitter personality who is also a ZANU PF crusader, @matigary who is believed to be Taurai Chinyamakobvu…” This was not fair to Mr Chinyamakobvu and @matigary who have never, to the best of our knowledge professed to be one person.
We have therefore since removed the statement from the article and we apologise for violating our own standards there. See the latest version of the article here: <a href="https://news.pindula.co.zw/2019/11/14/breaking-cbz-caught-smuggling-cash-to-the-black-market/">https://news.pindula.co.zw/2019/11/14/breaking-cbz-caught-smuggling-cash-to-the-black-market/</a>
Respectfully,
The Pindula Team

RETRACTION AND APOLOGY TO MR TAURAI CHINYAMAKOBVU

A ZANU PF activist has blasted the United States of America Embassy in Harare’s attempt on Thursday to justify the decision to extend sanctions imposed on the Country. Using the Twitter handle <a href="https://twitter.com/matigary/status/1103681201058050049">mmatigari</a> the activist said:
<blockquote>It is unfortunate that the United States Embassy in Harare crafted a thread to paint a lesser impact of sanctions they have been involved in crafting for 18 yrs.
The fact is that sanctions are ruining the economy and hurting the people.
Two days ago, Trump extended sanctions on Zimbabwe thru an executive order!
Even the most conservative of American analysts who revel in Zimbabwe’s economic trouble like Steve Hanke has spoken out against these sanctions.
While the Embassy is spinning the “targeted” line, don’t be fooled. Here are a few examples of how they affect and harm the economy.
Takunda Chingonzo interviewed Obama in 2014 and told him point blank sanctions ruined his business chances.
Because international banks are fined heavy fines for dealing with Zim entities, the risk of trading with Zimbabwe increases compliance costs. So they avoid transacting with Zimbabwe.
Here is an example of how sanctions affect everyone, including MDC people who begged for them.
Morgan Tsvangirai’s son Richard is in China. He tried to open a bank account there. They refused because Zimbabwe is flagged in New York due to sanctions. He learnt a quick lesson.
Some analysts argue that sanctions are an act of war against a country.
Hornberger concludes that “Either way, the North Korean people are the pawns in all this. They are the ones who are targeted for death by U.S. officials and their sanctions”.
Susan Wareham concluded that sanctions against Iraq in 1999 were A Crime Against Humanity!
Zimbabwe sanctions are a crime against humanity too!
They are a shameful regime change tool.
You must be ashamed of defending sanctions against your own country. It’s shameful. You are Zimbabwean first, not American.
How is a small country like is posing a threat to the US?
American reforms will not be implemented and puppets like you will still suffer sanctions regardless.</blockquote>
<h4>Related:</h4>
<ul>
<li>
<h4><a href="https://zero.pindula.co.zw/sanctions-targeted-at-84-corrupt-individuals-violating-human-rights-united-states/" rel="noopener">Sanctions Targeted At 84 Corrupt Individuals Violating Human Rights – United States</a></h4>
</li>
<li><a href="https://zero.pindula.co.zw/sanctions-do-not-work-sb-moyo/" rel="noopener">Sanctions Do Not Work- SB Moyo</a></li>
<li><a href="https://zero.pindula.co.zw/full-text-donald-trump-extends-sanctions-on-zimbabwe/" rel="noopener">Full Text: Donald Trump Extends Sanctions On Zimbabwe</a></li>
<li>
<h4><a href="https://zero.pindula.co.zw/sanctions-do-not-promote-change-they-inhibit-it-steve-hanke/" rel="noopener">‘Sanctions Do Not Promote Change, They Inhibit It’ – Steve Hanke</a></h4>
</li>
</ul>

"Don't Be Fooled, Sanctions Harm The Whole Economy"

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