ZIMBABWE - Fidelity Printers the company that solely shoulders the printing of Zimbabwe’s “now-dumped” currency has run out of spare parts owing to the Harare authorities’ stubbornness on the international socio-economic and political spectrum, a situation that has led Germany, the source of the printing equipment to starve spare parts and threaten to ground the intricate network of the money printing press.

 

The Reserve Bank of Zimbabwe (RBZ) confirmed in a televised documentary Sunday night to acquaint stakeholders with the happenings at the Msasa-based company.

 

Germany slapped Zimbabwe with targeted sanctions for its glaring and deliberate lack of respect of the rule of law.

 

 

 

 

 

 

 

Kumbirai Nhongo, in a ballistic voice over in the documentary yester-night admitted that the equipment at the Fidelity Printers is now obsolete, has run out of the spare parts and queues at the country’s bank are here to stay for some time.

 

He however sent a haze message of hope saying that the company is now depending on the local technical expertise to improvise on the spare parts to at least have the system running until an unlikely everlasting solution is sought.

 

Zimbabwe has been hard-hit by the scourge of brain drain with most engineers and technicians running away from Mugabe’s socio-economic and political rot to countries like South Africa, New Zealand, Canada, Australia, among others.

 

Fidelity Printers is also the sole printer of the country’s examination papers and recently failed to print adequate materials resulting in most final year candidates sharing examination papers in a group-work style.

 

Meanwhile, the recently launched Z$500 000 and Z$1000 000 denominations are hardly in circulation and only surface enmasse when RBZ boss Gideon Gono’s foreign currency dealers throng the black market to illegally raise forex for either the President’s visits, payment of electricity imports and just recently the procurement of the water treatment chemicals to curb the Cholera outbreak in Budiriro.

 

 

 

 

 

 

 

 

JOKE OF THE DAY - I heard that they got all of the Saddam look-alikes together and told them that they have some good news and some bad news.

 

The good news was that Sadam survived the bombings, so they all still had jobs. One of the look-alikes asked,

 

"What's the bad news?" The bad news, they were told, was that he lost an arm and an eye.

 

Got a story, joke, quote, opinion or want your letter published, please e-mail Editor at editor@zimdaily.com