BULLSHIT. Blaming the west for mugabe's problems? Same BS from Kenya's politicians when most of the post-1963 problems were NOT (minimally) colonial in nature e.g. goldenberg, anglo-fleecing, 10% bribes for licenses, 2008 PEV, land-grabbing, etc

This jamaa owns a (at least) $5mn house in Hong Kong. Why? So his daughter can go to college! He has raped the country. He played up tribalism. Took the land from White Farmers & gave it to his cronies [like kenyatta] instead of a fair distribution.

grace is known to go 'shopping' abroad while the country forex reserves were run down. I saw a documentary showing the mercs, etc of mugabe's buddies WHILE the poor Zimbabwean could not afford bread!

mugabe could have retired & let a new generation take over but he is no Mandela.

CBK has done much better than BoU [KES dropped from 85 to 91 (8%) while UGX went from 2,400 to 2,750 (15%) in same amount of time

The structural reforms made by CBK are a more sustainable & longterm solution to curb the vice of speculation and not using forex reserves to fight non-fundamental problems. @vvs under the land reform there are 60K BLACK farmers producing more tobbaco than the former 4,000 white farmers.

Kuweni Serious! I am talking of 'food' where Zimbabwe became a NET importer from being a NET exporter!

[BTW, I am not talking of land re-distribution but of the theft of the land like kenyatta did. The benefits accrued to a few politically connected friends of mugabe]

mugabe's cronies grabbed the land, then sold it to the other Zimbabweans making $$$ MILLIONS in the process. Then used the cash to buy mercs & foreign real estate!

I doubt this,If CBK had sold its reserve there were no sign the speculators would have stopped their attack,I think what the governor did was splendid,in that he identified the speculators and made sure he gave them the warning shots then he plugged the holes this speculators were using to manipulate the system.

When a currency is under speculative attack the only way to salvage the situation is make monetary policies that ensure returns on speculation are as negligible as possible i.e taxing and increasing the interest rates.If you are sucked in by selling the reserves you might be taken to the cliff and dropped just like any other bubble.

remember CBK hold 3 point something months of imports as reserve now tell me how precarious the situation would have been if CBK had tapped into that reserve.