I printed $Z to stop coup, says Gono

Former Reserve Bank of Zimbabwe governor Gideon Gono says he was forced to print money even when he knew it would cause hyperinflation because the government was desperate to forestall a coup by hungry soldiers.


Gono, who retired in 2013, told the Mashonaland West Business Conference in Chinhoyi last week that cash was used to pacify the troops.

“If we had not done what we did printing money and allowing inflation to skyrocket, then the men and women you see in those beautiful uniforms, they were ready to get out of their barracks,” he said.

“Operation Restore Legacy would have happened much earlier, but not one that we would have been commanding ourselves.

“It would have been a ‘restore legacy’ that would have been commanded from elsewhere.

“I had the privilege to come face-to-face with hungry men and women in uniform.

“I had the privilege to visit each and every barrack in this country to come face-to-face with hunger, hunger that was affecting men and women who have nothing else but their AKs; men and women who, if we did not do what we did, could have been tempted to get out and look for some food by whatever means.”

Gono said he never had the resources to do his job during his tumultuous tenure at the central bank.

“I was given a car, which did not have fuel and expected to get to a certain destination. You drive on empty. ours was not an ordinary situation, ours couldn’t be compared to any other country or any other situation,” he said.

“Any attempt to get money was met with blockages.

“Faced with a situation that we were in, we chose to allow inflation to go the way it went as long as we preserved the lives of our people.”

Gono said most of the time they could not tell Zimbabweans the truth that the country had no fuel or medicines fearing unrest.

9 Responses to I printed $Z to stop coup, says Gono

  1. Chimanikire April 29, 2018 at 9:17 am #

    Gono Uridofo remakoko why did you not resign if you were given car to drive without fuel ? Hapana chaurikutaura uri zero. I lost Huge amount of money due to inflation because of youuuuu. Dont make me angry…..

  2. sandura April 29, 2018 at 11:03 am #

    Gono must spare us these self justification stunts. He was willingly protecting a failed regime for self aggrandizement. Out of the chaos, he became a multi-millionaire while some people lost a generation of savings. He deserves a firing squad. Same with Chinamasa and Mangudya who raided the Nostro accounts to place us in this messy now.

  3. sahxy April 29, 2018 at 11:46 am #

    For ruining a whole generation+ firing squad is indeed a befitting end to these thieves. How come at the same time when we had nothing they got richer and richer.

  4. Hon. Temba P. Mliswa April 29, 2018 at 12:06 pm #

    Shaddaaaaap Gideon!!!!

  5. Gheo April 29, 2018 at 3:47 pm #

    Even today the very soldiers are still very hungry, the money is not accessible from the bank and their pay is still peanuts. Back then when you printed money and allowed inflation to go haywire, for sure the money you did give soldiers to allay their hunger; but you did not state that you only gave money to the commanders only while the ordinary soldier continued to suffer. Elsewhere Mr. Gono honourable men have tendered their resignations especially when the events are going against what they stand for, but you did not do so. Instead of pacifying yourself for once you only need to apologize for all the shenanigans you did during your tenure.

  6. tiregereiwo April 29, 2018 at 3:59 pm #

    nonsense ,u still have a small educational correspondence attitude brain ,u are very cruel and made us suffer for minority gains

  7. munyaradzi April 29, 2018 at 6:18 pm #

    here is a guy confessing to a crime…

  8. MDC -the noble people April 30, 2018 at 9:40 am #

    Gono must be arrested

  9. Farai April 30, 2018 at 10:38 am #

    Gono you have admitted to holding the entire country to hostage and stealing everyone’s money for the sake of protecting Mugabe? You need to go to Chikurubi straight after elections.

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