MDC-T's Chamisa commends Chinamasa

Finance minister Patrick Chinamasa was commended by the opposition for following procedures on the Reserve Bank of Zimbabwe Amendment Bill by allowing the public to air their views on it.

The compliment was paid by Kuwadzana East MP Nelson Chamisa (MDC-T) after Chinamasa had moved for suspension of standing orders relating to the introduction of Bills in respect of the draft legislation to ensure the Parliamentary Portfolio Committee on Finance holds public consultations on the Bill.

The Bill will amend the RBZ Act (Chapter 22:15) (No. 5 of 1999) to enable the central bank to issue bond notes exchangeable at par value with the United States dollar on the same basis that it previously issued bond coins.

The Bill will also seek to validate the issuance of bond coins currently in circulation.

The Parliamentary Portfolio Committee on Finance is expected to visit various parts of the country next week to get public views on the Bill.

Members of the public have already expressed disdain and lack of confidence in the bond notes, but Chinamasa on Wednesday told Parliament that Zimbabweans would only reject them at their own peril.