“We urgently need a political solution in this country because if we do not do that, as (Finance minister) Mthuli Ncube admits in his letter to the International Monetary Fund (IMF), there is going to be an implosion.“An implosion could mean another military coup, people going into the streets and being shot … but for crying out loud we need a political solution and a national transitional authority.“The economy is arrested by a milieu of debilitating challenges, that are beyond Mnangagwa, Mthuli and the Zanu PF government.
“At the centre of these challenges is the failure to resolve the deep political crisis in the country,” Biti told the Daily News On Sunday.“The attack on the MDC Alliance, the capture of state institutions … the violent takeover of our head office Harvest House, are all things that … are a huge own goal to Mnangagwa.
“That is Mnangagwa’s problem … he doesn’t understand that you need consensus, agreement, a social contract and … an understanding that governing a country is voluntary surrender of authority by citizens.“If citizens don’t voluntarily surrender their authority and permission to you through a social contract, you can’t govern the country.“No matter how many army tanks you have, no matter how many guns you have. That, regrettably, is Mnangagwa’s problem,” Biti let rip at the 77-year-old Zanu PF leader.
“Now you cannot introduce a currency when no one trusts you … that is the problem with Mnangagwa and Ncube.
“The US dollar must come back and the rand must come back.“Secondly, the government must remove all restrictions on export earnings. In other words, your export surrender requirements must be scrapped.“So, two issues and measures around the fungibility of certain shares — in particular the Old Mutual shares — must be allowed to be fungible,” Biti further told the Daily News On Sunday.“So, bring back the US dollar and allow the market to operate. Third, all wages and salaries by the government must be immediately paid in US dollars.“Then retailers and everyone must levy their charges in US dollars. Also allow everyone to import fuel.“Fuel right now is the monopoly of a few. How does one country become subjected to a monopoly?” Biti queried further.“So, allow everyone to bring fuel and let those who have brought fuel charge in US dollars because people will now be paid in US dollars.“The same formula must apply to goods in the shops, and once you do that, you will see prices plunging.
“You will kill two birds with one stone. You will also deal with the problem of runaway inflation,” Biti added.
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