Combating currency manipulation commendable

The government’s increased attempts to tackle powerful people and companies that are undermining the country’s economy by creating instability in the currency market are commendable.
This should continue because these individuals are modern-day economic sabotage agents in their own right and they shouldn’t be let to get away with it.
This has been going on for far too long, and the country has suffered as a result of a few individuals and companies that have both local and foreign currency liquidity.
The dishonest act is unquestionably endangering the country for the current and upcoming generations.
If we do not act now, we will be remembered as the men and women who failed to restore sanity to the economy.
As a result, we applaud the government’s decision to act more forcefully against businesses engaged in currency manipulation.
This week, Jenfan Muswere, the minister of information, disclosed that the central bank will strengthen the requirements for required licensing that apply to all business operators.
He added that under the Shop and Shop Licensing Act , companies are now required to have a bank account and a Point of Sale (POS) device.
Additionally, inspectors will be dispatched by the government to combat crimes that jeopardize the stability and availability of essential commodities at fair prices.
“Cabinet noted that some retailers and some manufacturers have been reportedly using the unofficial exchange rate in their operations. In order to promote the uptake of plastic money, the Reserve Bank of Zimbabwe will strengthen the mandatory licensing requirements for all business operators to have a bank account and Point Of Sale (POS) machine under the Shop and Shop Licensing Act, and deploy inspectors to curb misdemeanours that militate against price stability and availability of basic commodities,” Dr Muswere said.