{"id":16747,"date":"2019-12-14T22:53:54","date_gmt":"2019-12-14T20:53:54","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=16747"},"modified":"2019-12-14T22:53:54","modified_gmt":"2019-12-14T20:53:54","slug":"ed-speaks-on-cash-police-to-descend-on-cash-hoarders","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/ed-speaks-on-cash-police-to-descend-on-cash-hoarders","title":{"rendered":"ED speaks on cash . . . Police to descend on cash hoarders"},"content":{"rendered":"<p>PRESIDENT Mnangagwa yesterday said there is no going back on the reintroduction of the local currency as he warned those who hoard cash and deal in foreign currency that the law will soon catch up with them.<\/p>\n<p>Officially opening the Zanu-PF 18th National People\u2019s Conference at Goromonzi High School here, President Mnangagwa said no progressive nation can develop without its own currency.<\/p>\n<p>\u201cNo progressive nation can develop without its own currency. The introduction of our own currency will undoubtedly enhance our economic stability, growth and competitiveness,\u201d said President Mnangagwa.<\/p>\n<p>He, however, said there were some who were opposed to the adoption of the local currency despite the fact that every country should have its own currency and Zimbabwe is no exception.<\/p>\n<p>\u201cThose who continue to deal in money markets, I say to you all, the long arm of the law will soon catch up with you. We will not revert to the basket of currencies,\u201d said President <a href=\"https:\/\/en.wikipedia.org\/wiki\/Emmerson_Mnangagwa\">Mnangagwa<\/a>.<\/p>\n<p>He said measures had been put in place to ensure adequate cash supply.<\/p>\n<p>\u201cThe law enforcement agents will move in to deal with those who are hoarding cash and causing artificial shortage of cash. The illegal trading in foreign currency must be stopped in line with our laws. It is incumbent upon all citizens of our great country and party members in particular, to protect and defend our currency as a symbol of national sovereignty and pride,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PRESIDENT Mnangagwa yesterday said there is no going back on the reintroduction of the local currency as he warned those who hoard cash and deal in foreign currency that the law will soon catch up with them. Officially opening the Zanu-PF 18th National People\u2019s Conference at Goromonzi High School here, President Mnangagwa said no progressive [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":11945,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[34,894],"class_list":{"0":"post-16747","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-policy","9":"tag-emmerson-mnangagwa","10":"tag-foreign-currency"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ED speaks on cash . . . Police to descend on cash hoarders - zimbabwe<\/title>\n<meta name=\"description\" content=\"PRESIDENT Mnangagwa yesterday said there is no going back on the reintroduction of the local currency as he warned those who hoard cash and deal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ed-speaks-on-cash-police-to-descend-on-cash-hoarders\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ED speaks on cash . . . 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