ZANU PF secretary for Administration Obert Mpofu says that the monetary policies put in place to stabilise the economy are not producing the desired effect.
Speaking at a ZANU PF Policy meeting, Obert Mpofu said that the continued manipulation of the black Market has rendered the Forex Auction System weak and has not made the economy any better over the past 2 weeks.
He said that law enforcement is failing to deal with formal sector that has been offering higher rates than the Auction system which has been weakened significantly.
Mpofu said that the government has noted efforts to Dollarise the economy with most retailers preferring the US Dollar over RTGS.
