Reserve Bank of Zimbabwe Governor, Gideon Gono has expressed frustration after a German company terminated a 40-year-old contract of supplying paper money to Zimbabwe.

The development comes as it has been established that Zimbabwe is left with one week worth of money supply.

‘That German company terminated a contract that was more than 40 years old. They used to support Rhodesia under UDI. We will show that company what we are capable of doing. Their action has no effect on our money situation.
Fortunately, we at the RBZ have counter measures to such moves. That is why I told people to go on with their business as usual,” said Gono.

As usual Gono blamed a target travel ban on him and other ZANU PF officials for his failure to turn around the economy.

“We have sanctions while on internal factors there is underutilisation of farmlands, smuggling of minerals, especially diamonds and gold. There is nothing much that we can do on external forces in our fighting inflation but
we can do a lot to reduce the negative impact of internal forces,” he said.

“We are losing diamonds in Marange to smugglers. This is not a joke when industry needs only a quarter of what we are losing to smugglers for it to operate at full capacity.

“As a nation, we are also not maximising the land and this fuels inflation. If you own a farm and you are not producing, you should be ashamed of yourself. The land reform programme was meant to broaden the economic prospects of the country,” he said.

“It does not matter whether it is a Mavambo government project, an MDC or a Zanu-PF Government, it was still going to face the challenge of capacitating farmers. This issue is apolitical. This has attracted the wrath of some Western nations who have since included my name in their sanctions list. This does not worry me,” Gono fumed.