Read through all the statements & editorials so far about the forex auction market. None of them are attributing the stability to a functioning market mechanism.

@ZEPARU1 @MhonaFelix @MthuliNcube @SundayMailZim @VictoriaRuzvid2 @rangamataire @RangaMberi https://www.herald.co.zw/forex-auction-bid-band-narrows-stability-enhanced/

This is bcoz they aren’t convinced that the mrkt system works well & is pricing efficient.

@ZimTreasury @GGuvamatanga @baba_nyenyedzi @kudzie_sharara @tatenda_jemwa @KMutisi @kmugova @happ_zenge @ReserveBankZIM @czionline @newswireZW @brains_muchemwa @HeraldZimbabwe @kukurigoZW

Yesterday the Gvt Chief Communication Officer, Secretary @nickmangwana attributed the price stability to non-market heavy-handedness, & command&control economics of closing the stock exchange & the deactivation of merchant2individual & merchant2merchant MMT systems.

What this shows is that the market is being allowed to operate as if it’s a charitable action of politicians&bureaucrats & can be destroyed at whim.

This undermines trust&confidence.