HARARE, (Xinhua) --
Zimbabwe’s new president Emmerson Mnangagwa on
Tuesday gave a three-month amnesty for individuals and corporate
to bring back funds they externalized or face arrest.
Mnangagwa said the
military intervention which led to the resignation of former
president Robert Mugabe last week had helped to uncover cases
where huge sums of money and other assets were illegally
externalized by individuals and corporates.
He said such
malpractices constitute a serious economic crime against the
people of Zimbabwe.
“As a first step
towards the recovery of the illegally externalized funds and
assets, the Government of Zimbabwe is gazetting a three-month
moratorium within which those involved in the malpractice can
bring back the funds and assets, with no question being asked or
charges preferred against them,” the president said in a
The amnesty runs
from Dec. 1 to end of February 2018.
affected persons who wish to comply with the directive should
liaise with the Reserve Bank of Zimbabwe for necessary
facilitation and accounting.
Upon the expiry of
the three month window, Mnangagwa said government would proceed
to effect arrests of all those who would not have complied with
currently facing a cash crunch as the main transacting currency,
the U.S. dollar and the surrogate bond notes remain in short
blame the cash shortages to low imports and externalization.