Published by the government of Zimbabwe
3 July 2008
Harare — THE Reserve Bank of Zimbabwe yesterday said the much-publicised termination of bank note paper supply to Fidelity Printers by Germany's Giesecke and Devrient will not disrupt the smooth flow of business.
In a statement last night, central bank governor Dr Gideon Gono said proactive and appropriate measures and strategies had already been put in place once it became clear from international sources that this was the direction bank note paper suppliers were likely to be forced to go.
"Following the widely publicised termination of bank note paper supplies to Fidelity Printers (Pvt) Ltd, by Giesecke & Devrient of Germany, the Reserve Bank of Zimbabwe wishes to advise and assure the nation that this development will not disrupt the smooth flow of business," Dr Gono said.
Giesecke & Devrient have been suppliers of bank note paper to Fidelity Printers for the last 40 years.
"To this end, therefore, the banking and transacting public should go about their business in the usual manner, as the above-mentioned development will not have any impact to the economy," he said.
Dr Gono added that the central bank would, as in the past, continue to innovate and try to plough around all obstacles placed in its way.
It's understood that the company made the decision after Germany's Development Minister, Heidemarie Wieczorek-Zeul, had written to the firm last week asking it to immediately stop the shipments of paper to Zimbabwe.
The move is also seen as part of the German government's efforts to effect illegal regime change in Zimbabwe.
Chancellor Angela Merkel recently urged the international community to take a firmer stance against President Mugabe.
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