1/12 No bubble here, @MthuliNcube, @Jamwanda2, @matigary, @edmnangagwa. U shld go into the streets c 4 urselves. Here's whats actually happening: there's a huge US$ shortage in the streets. In desperation, pple are offering more & more for the US$. https://www.herald.co.zw/parallel-market-rates-a-bubble-rbz/

2/12 What's happening is what @MthuliNcube referred to b4 becoming Finance Min: bad money is chasing away good money, simple. Ur decision to allow US$ use for local use a few wks ago is the bad policy that's causing this. It's a Frankenstein's monster of a policy. Here's why:

3/12 Shops selling in US$ r refusing to give people US$ VAT recpts: e.g. a citizen here on Twitter alerted @ReserveBankZIM to Electrosales Pomona who did this to her. So, they're nt banking these US$, they're off the books. @ZB_Bank is complicit thru Syfrets, but not the only 1s.

4/12 Chinese & Indian shops in the city centre, informal shops etc are all collecting these US$. Average citizens getting their own free funds are not changing these on the streets anymore. Why? Here's a good example:

5/12 Remember bread used to be US$1 a loaf? It's now 60c. The industrialists who were robbing Zimbos thru overcharging have reduced their prices for stuff in US$s. It's cheaper by half now to use US$ to buy ANYTHING without u guys controlling any prices, see?

6/12 Result? people r hanging on to their US$ & using 'em 2 buy stuff cheaper. The shops where they buy r not banking their US$s, coz they don't trust ur gvt's flip-flopping, sudden policy changes. They're convinced if they bank their money, they'll wake up to find Mangudya has..

7/12 ..confiscated it and replaced it with bad money (ZWL$). It's a trust deficit that ur gvt refuses to address. The source of the trust deficit is Mangudya & RBZ. In case u think we're just hating on the Guvnor, let's remind ourselves how got here:

8/12 Mangudya & @ReserveBankZIM printed voodo elctronic US$s in the dying days of Mugabe's regime (2015/2016/2017)., went into all our bank accounts & STOLE our physical bank US$s, misused 'em for Command Agric, externalisation by crooks like Supa Mbavha, Bvute, gvt Mins & even..

9/12 ...corporate sharks & individuals who now have accs & property outside our borders. These privileged individuals got US$ in the dying days of the Mugabe's gvt when ordinary citizens could not get them from the bank, coz Mangudya had stolen them all.

10/12 When we complained & asked 4 our money, ur Guvnor insulted us ALL, saying "What US$ did u earn?", claimed ordinary citizens did not earn any forex & should stop demanding US$s. Then u all woke up and invented a new currency ZWL, told us this was what was now in our accs.

11/12 There's +/-US$1.4B circulating outside the formal system right now. The only difference is that since ur Frankenstein pre-lockdown policy, only around 10% of that has made it into the formal banking system becoz noone trusts Mangudya. There's no bubble. There's a shortage..

12/12 ...of US$s on the streets for those holding $ZWL. @BusisaMoyo's suggestion of a social cont cld help, bt only if it legally binds gvt to good behaviour on money printing etc. Raiding of people's Bank accs should legally result in imprisonment for @ReserveBankZIM officials.