Coltart Describes Ban On Use Of Foreign Currency As Sheer Madness

Zimeye

24th June 2019

By Farai Dziva

MDC Treasurer General David Coltart has described the ban on the us of foreign currency as “sheer madness.”

“I am looking into this but my initial view is that the Minister cannot use a Statutory Instrument to change the Finance Act. But that is not the main problem – because they can easily rectify that.”

“The main problem is that this goes against fundamental inviolable economic laws.”

Coltart added: “Such a shame that Minister Ncube didn’t read this sensible advice in just last Friday’s @Zimindependent

“His policy is sheer madness and will cause even greater chaos. Does he not listen.”

“As Treasurer General of the #MDC I have commented in detail. For the avoidance of doubt this is a catastrophically bad policy which will greatly exacerbate the economic crisis in #Zimbabwe.”

“Let all men know how empty and worthless is the power of kings, for there is none worthy of the name, but He whom heaven, earth, and sea obey by eternal laws” This was attributed to King Canute and Mnangagwa and Minister Ncube should remember that economic laws are the same. “