Mushayavanhu Scapegoats World Bank as ZiG Stutters
Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu has caused a stir on social media with his remarks on the newly introduced currency Zimbabwe Gold (ZiG).
Dr John Mushayavanhu has left many Zimbabweans dumbfounded after publicly admitting to consulting a World Bank consultant because they did not know much about structured currency.
His remarks come a couple of weeks after the government scrapped out Zimbabwe Bond notes (ZWL) and introduced the new structured currency, ZiG.
Speaking at the Zimbabwe Independent’s post-monetary policy review breakfast meeting held in Bulawayo, Governor Dr John Mushayavanhu revealed that they didn’t know much about a structured currency.
He disclosed that they got a consultant from the World Bank who advised them on structured currency.
Mushayavanhu Scapegoats World Bank as ZiG Stutters
Dr John Mushayavanhu claimed that a lot of things to do with structured currency came from the World Bank.
“We didn’t know much about a structured currency. We got a consultant from the World Bank. A lot of the things you’re seeing about the structured currency actually came from the World Bank.”
He added that if people were going to blame him for the failure of the ZiG currency, they would in actual fact be blaming the World Bank who gave them the advice.
“So, if you’re going to blame me, you’re actually blaming the World Bank. Maybe they didn’t advise us properly. And if they did not advise us properly, it’s fine. Let’s refine it,” Dr John Mushayavanhu said.
The video has sparked controversy on social media.
Reacting to the video, Zimbabweans expressed outrage as they lambasted the governor and the finance ministry for introducing a currency they had no knowledge of.
Netizens accused Dr John Mushayavanhu of shifting the blame and using the World Bank as a scapegoat for their incompetence.
