Chinamasa Responds To Claims RBZ Is Behind Money Changers

Responding to questions in Parliament on Wednesday afternoon, Finance Minister Patrick Chinamasa denied that illegal foreign currency traders are receiving money from the Reserve Bank of Zimbabwe (RBZ).

Chinamasa was responding to Warren Park MP Elias Mudzuri (MDC-T) who had said the RBZ was the one employing illegal foreign currency traders and creating employment by exchanging money at a different rate. Said Chamisa:

I want to dismiss categorically that the Reserve Bank has anything to do with fueling the parallel market and I will explain. All exports, foreign currency earnings from exports accrue to the Reserve Bank and almost a big chunk of that foreign currency is retained by the Reserve Bank for importation of essentials such as fuel, electricity and raw materials for the private sector. 

Speaking at a debate organised by the Zimbabwe Electoral Support Network (ZESN) last month, National Patriotic Front (NPF) spokesperson Jealousy Mawarire claimed that President Emmerson Mnangagwa’s son was funding illegal money transfers using RBZ accounts.