But banking sector sources told Businessdigest that the former legislator and ex-Cold Storage Company general manager had recently complained about fatigue and ‘frustration’ at the central bank.
The sources said there had been attempts at the Ministry of Finance and Economic Development to gag the outspoken economist, who is known for speaking his mind.
“Yes, I resigned from the MPC,” Cross said. “But I would rather not say more than that,” he added.
The MPC was established in September 2019 following many years of absence after Zimbabwe adopted a multi-currency system in 2009 to stabilise the economy in the aftermath of the downturn between 2007 and 2008, which knocked off the domestic currency.
Cross’s frank analysis and disclosures of what would be taking place at the central bank had triggered concern within the government and at the RBZ.
In 2019, he revealed that a new currency was to be introduced, well before the RBZ was ready to announce the development.
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