Chinamasa grilled over cash shortages 

Source: Chinamasa grilled over cash shortages – DailyNews Live

Mugove Tafirenyika      10 May 2018

HARARE – MPs across the political divide yesterday grilled Finance
minister Patrick Chinamasa over the Reserve Bank of Zimbabwe (RBZ)’s
alleged involvement in the cash parallel market.

This comes as the RBZ is suing opposition NPF spokesperson Jealousy
Mawarire for allegedly fingering one of President Emmerson Mnangagwa’s
sons in alleged black-market currency trading in cahoots with the central
bank.

Led by Zanu PF Zvishavane MP John Holder, legislators wanted Chinamasa to
explain the reasons why cash shortages continue “even after the 100 days
have lapsed.”

“The minister must know that we are aware it is the RBZ that is supplying
the foreign currency on the streets,” MDC Mabvuku-Tafara MP James Maridadi
said, after Mutoko North Zanu PF MP David Chapfika  said “state
institutions are allegedly involved”.

Chinamasa said “I want to categorically dismiss the allegation that RBZ is
behind it because all the money is accounted for”.

“All money from exports accrue to the RBZ and a big chunk of that is
retained for imports of essentials, a small percentage is left with the
banks so there is no forex that can’t be accounted for, the figures are
there.”

COMMENTS

WORDPRESS: 3
  • comment-avatar
    Cynical 4 years ago

    A big chunk is held back for the importation of Range Rovers for the Ministers and army hierachy and Twin Cabs for the chiefs. Coming to think of it, the 2 year old Range Rovers will need replacing soon won’t they, and sold back to the relavent owner for a song so he/she can fly it off at a huge profit.

  • comment-avatar
    Ulreka 4 years ago

    This Zanu pf government takes us for granted. Their plan is to release the few US dollars that Mangudhla is holding a week or so before the elections so that people go to the polls believing ZANUPF has solved one of the most vexing of Zimbabwe’s problems and vote for them. Once the ballots have been counted, it will be aluta continua!

  • comment-avatar
    max maphosa 4 years ago

    Do people have any suggestions onhow to solve once and fora all the liquidity issue in Zimbabwe. Is it true it can happen in two weeks of getting in power as Chamisa.. If that is the case ,is Zanu PF party so useless that they couldnt get the money flooding Zim and use it as a campaining tangiable tool?