UPND SHOULD OWN UP TO THEIR DECISIONS: NEW CURRENCY PRINTING
I have observed that both the Minister of Finance and the Bank of Zambia Governor in their public statements on the printing of the new currency, have placed emphasis on the fact that the decision was approved by the Bank of Zambia Board in July 2021. Literally, saying the decision was made during the PF rule and not UPND rule.
The reality is that if the UPND government was dissatisfied with this decision, they would have curtailed it, like they have done with many other decisions such as Civil Servants debt swap.
To proceed with a July 2021 decision simply means you have made the decision as current government to print new notes, so own up. It is now your decision and not a decision by the previous government because you have made a decision to proceed with what was proposed by the previous government.
It is also embarrassing for the government because you are telling us that you have no new ideas but to proceed with the decision that the previous government made. Effectively, it’s an admission that some of the PF policies were good despite speaking negatively about PF fueled inflation.
Any negative outcomes from this decision lie squarely on the laps of the UPND government.
Fred M’membe
President of the Socialist Party
I knew that this failed government will try to run for cover, seek sanctuary somewhere, when they see that their decision has backfired. The country hasn’t welcomed the higher denomination notes..and UPND praise singers are at pains to defend this.
This New currency is the last straw in Hakainde’s government..If the economy collapses and we have runaway inflation that’s the end of Hakainde..He without shame wants to bring PF in this!
Soon he will blame PF for introducing a chaotic new Curriculum..
Own up ba Hakainde. The decision to introduce higher denomination notes is yours..
The idiocy of you pfools is astonishing. Higher kwacha notes are not anything new coz even in 1991 when mmd took over from unip, we had k500 notes. When pfools took over the kwacha was rebased we had UpTo k50,000 notes which became k50 notes so what’s your stupidity about?
Am equally surprised why so much noise this time.
During MMD rule they introduced K50,000 in place of K50, K20 was K20,000 K10 was K10,000…This was more than crazy but no one made so much noise.
Infact this time the currency is as before ONLY introduction of new higher notes K200 and K500 and changing the much “used and abused” K2 and K5 paper notes into coins to resist the deterioration…It is bright logic.
It is just fine, they call them selves opposition and that’s how we know them
They are simply doing their work.But they must start appreciating certain milestones such as the printing of new notes.
This is the reason why M’membe will never be the president of this country, the gentleman has no other message apart from talking about Hakainde. I don’t know how he feels if the day passes without mentioning the name Hichilema. In Zambia we have had these low denomination notes after rebasing the Kwacha but countries like Botswana, Namibia and South Africa for example have had these notes long time ago, Botswana has a 200 pula note, Namibia has a 200 Namibian dollar note, South Africa too has a 200 Rand note, so what’s so sinister about Zambia to have a 200 kwacha note? Even when you talk of a 500 kwacha note, there are many other countries in the SADC region who have high denomination notes, even higher than a 500 note, for example, Mauritius has 25, 50, 100, 200, 500 and 1,000 Rupees Bank notes, in the Comoros, they have 500, 1,000, 2,000, 5,000 and 10,000 Francs bank notes while in the Seychelles they 25, 50, 100 and 500 Rupees bank notes. Otherwise notes themselves have nothing to do with the triggering of the inflation.
M’membe is just a hypocrite who is always bent on spreading lies through his propaganda war but has nothing to tell the Zambia voters. So no one will ever think of voting for him because he has nothing to offer to the Zambian people. There are countries in the world which M’membe supports and visits, he actually handles and uses their currencies without saying anything. Some of those countries are Venezuela, Cuba and Russia. In Venezuela they have two series of bank notes called Bolivares (Soberanos and Digitales) and both of them range from 5, 10, 20, 50, 100, 200 and 500. In Cuba, they use Pesos notes, they are from 1, 3, 5, 10, 20, 50, 100, 200, 500 and 1000 while in Russia, they have Roubles from 10, 50, 100, 500, 1000 and 5000. For M’membe, when he is in these countries, everything is normal until when he comes back to Zambia, he starts misleading the citizens portraying that in Zambia, it is not normal to 200 and 500 kwacha notes. That is the highest degree of hypocrisy and no sane Zambian can take him serious any more, the best thing is just to ignore him. The goodness this time is that people now know when and where to get the true information and are well informed, they no longer depend on cheap propaganda which M’membe spreads on daily basis. He is a bitter and jealous man whose blood stream if full of hatred for Hakainde Hichilema for the reasons best known to himself. Moreover, only the thieves and the propagandists are the only ones having the fear because they know what they are keeping in their homes and time is slowly catching up with them. in short, their days of keeping huge abnormal amounts of money in homes are numbered.
Fred has lost significance in politics…
Great analysis Bro’.
I equally don’t understand this M’membe creature. I don’t know if he was made in the image of God. Our God is not a confused God.