No problems with Gideon Gono buying forex on the parallel market

The Zimbabwe Independent reports that the Reserve Bank of Zimbabwe is aggressively buying foreign currency on the parallel market. As a result, the local currency has taken a huge plunge on the parallel market.

Personally, I have no problems with the Reserve Bank purchasing the currency even though it fuels inflation. I think it will be good for the country in the medium term. Everyone in Zimbabwe knows where we are headed and the sooner we get there the better. A confrontation of some sort is inevitable before things can start improving. Inflation may be hurting my pocket real bad but I am also loving the havoc it is inflicting on Zanu PF. Inflation is governments ultimate enemy. The good thing about it is that Robert Mugabe cannot send the riot police or army to deal with it decisively.

Hyper-inflation forces even the most hardened politician, political zealot, political parasite, and political prostitute to reform. It is inevitable. White farmers said Mugabe must go. He refused. The opposition said Mugabe must go. He refused. Western governments said Mugabe must go. Africa said Mugabe must go. He resisted. Inflation will ask Zanu PF to tell Mugabe that he should go. This time he will go.