Zimbabwe: Rogue Traders Must Pay

editorial

ON Tuesday, Reserve Bank of Zimbabwe (RBZ) governor, Gideon Gono, drew the nation's attention once again to the incestuous behaviour of a few individuals who are making it their business to destabilise the financial and equities markets for the sake of enriching themselves without due regard to the consequences of their reckless actions on the country's ailing economy and its poor people.

The RBZ governor made startling revelations on Tuesday that the central bank had intercepted fraudulently-drawn bank cheques valued at a frightening $40 hexillion -- a figure about 68 billion percent more than the turnover of Delta Corporation for the six months to September 30 2008 -- that were destined for the bullish Zimbabwe Stock Exchange (ZSE) and other illegal parallel market activities that are cascading downwards to village level where some chiefs' compounds are now operating as bureaux de change.

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