Parly Seeks Public Views On Bond Notes

By Dylan Murambgi

Harare, November 25, 2016 – ZIMBABWE’S Parliament is this coming week set to hold countrywide public meetings to gauge citizens’ views on the imminent introduction of bond notes into the local economy.

The hearings, according to Speaker of the House Jacob Mudenda on Thursday, will be conducted by Parliament’s Portfolio Committee on Finance and Economic Development.

“I wish to inform the house that the Portfolio Committee on Finance and Economic Development will conduct public hearings on …the Reserve Bank of Zimbabwe Amendment Bill [H.B. 12, 2016] from Monday, 28 November, 2016 to Saturday 3 December, 2016 in all provinces,” Mudenda said during Thursday’s session.

“The Committee will be divided into Team One, covering the northern parts of the country and Team Two, covering the southern parts of the country.”

Chinamasa was immediately praised by MDC-T deputy president and Kuwadzana MP Nelson Chamisa who said the Finance Minister was showing he respected the country’s constitution.

“I am very glad that the Hon. Minister has seen it fit and deemed necessary to make sure that the people of Zimbabwe, the public, all stakeholders are indeed consulted in this very important process,” Chamisa said.

Chamisa said the country’s supreme law compelled parliament to “facilitate public involvement in all legislative processes and it must also ensure that interested parties are consulted about the Bills”.

Government has planned to introduce bond notes in attempts to ease recurrent cash shortages in the country and to incentive Zimbabwean exporters.

It is however highly unlikely that Zimbabweans will accept the introduction of bond notes by the State.

The majority of Zimbabweans resent the coming of a currency they feel could be abused by Zimbabwean authorities who are desperate to raise funds for to pay government’s bloated workforce on time.