Categories: Stories

The truth about US sanctions on Zimbabwe – even Western Union and Coca Cola are affected

Most Zimbabweans who are spending hours, if not days, queuing at Western Union to get money sent to them by their relatives abroad may be cursing and blaming President Emmerson Mnangagwa’s government for their untold suffering.

Yes, Mnangagwa may be to blame for failing to stop the economic suffering in the 16 months that he has been in power, but the failure by Western Union to get enough United States dollars to pay out those sent money by their relatives is in fact one of the effects of the United States Sanctions on Zimbabwe.

This flies in the face of repeated statements by the United States that sanctions on Zimbabwe, in force over the past 16 years, do not affect ordinary Zimbabweans.

The United States embassy in Harare, for example, yesterday posted a series of tweets denying that ordinary Zimbabweans are affected by sanctions which Washington renewed for another year on Wednesday.

“#Truth: The U.S. does not maintain comprehensive sanctions against Zimbabwe. Suggestions that the U.S. intends to harm the Zimbabwean people with sanctions are false and misleading. #FACTS,” the embassy tweeted.

“#Truth: U.S. targeted sanctions list: 84 individuals and 56 entities.  People of Zimbabwe: 16 million +.  Sanctions do not target the people of Zimbabwe. #FACTS.”

“#Truth: U.S. targets sanctions on those who engage in corruption, violate human rights or undermine democratic institutions, not the people of Zimbabwe. #FACTS.”

The truth, which the US does not want to admit and is helped by what one Zimbabwean writer has described as local sanctions denialists, is that US sanctions on Zimbabwe affect every Zimbabwean especially those who get money from abroad as the United States clears all transfers in US dollars.

“The use of the global settlement system – the Swift Codes and other mechanisms in addition to almost total universal surveillance of US dollar transactions, even for transactions that have no bearing on US interests, is proving to be a very serious impediment to global trade and business in general,” Eddie Cross said on his blog on Tuesday.

Continued next page

(486 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on March 8, 2019 8:24 am

Page: 1 2 3

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Are Zimbabweans giving social media more credit than it deserves?

The role of social media on how people get their news in Zimbabwe is being…

May 3, 2024

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024