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.”