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ZANU PF MPs Demand Constituency Development Fund In US Dollars

1 year agoMon, 16 Oct 2023 08:24:12 GMT
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ZANU PF MPs Demand Constituency Development Fund In US Dollars

ZANU PF Members of Parliament have demanded the disbursement of Constituency Development Fund (CDF) allocations in United States dollars, reported ZimLive.

The legislators, who spoke at an induction workshop for MPs recently, claimed that service providers were rejecting the Zimbabwe dollar.

The workshop was boycotted by opposition CCC MPs who were protesting the controversial expulsion of their colleagues that was initiated by self-imposed party secretary general Sengezo Tshabangu.

All 210 constituencies in Zimbabwe get the equivalent of US$50 000 CDF in local currency, based on the exchange rate on the day of disbursement.

The official exchange rate is currently $5 633 per United States dollar.

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Tsholotsho South MP Musa Ncube said most service providers, such as transporters, do not accept the local currency. Said Ncube:

The reason why sometimes we do not quickly use the CDF is what we encounter with the service providers.

Most of the service providers refuse to take local currency.

That’s why at times we opt to buy cement because some cement companies still accept Zimbabwe dollars.

The idea would be to offload the money quickly before it is eroded by inflation.

Transporters are not taking RTGs because they cannot relay the money into buying fuel which is priced in US dollars.

Murewa West MP, Farai Jere, said the CDF should be increased “so that an MP can do a project in every ward of a constituency”.

Mwenezi West MP Priscilla Moyo urged the Treasury to disburse CDF promptly so that MPs can eat inflation.

National Assembly Speaker Jacob Mudenda acknowledged that CDF administered in US dollars was essential. He added:

The problem needs to be brought to the attention of the Minister of Finance because it is a real problem where the supplier demands payment in USD.

However, MPs’ request for the grants to be disbursed in foreign currency goes against Government policy and President Emmerson Mnangagwa’s recent declaration to ditch the multi-currency regime in future. 

More: Pindula News

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7 Comments

@Vhedza · 1 year ago
Hahaha for them to convert to RTGS and loot the USD hapana hapana.
xyz · 1 year ago
$50 000 to develop a whole constituency and yet u bribe 1 judge with $450 000,where is the sense,do these guys have conscience..... surely if our current leaders start doing the right&correct things they would have ceased to be ZANU PF.
xyz · 1 year ago
50 000 to develop a constituency, yet one person was given over 300 000.whats the logic.maybe im the only one failing to make sense of this.
ah eh ok · 1 year ago
no no no they must take 50 zim bond notes as the depooty minister has said take your 50 bond notes iwe ,,,
abc · 1 year ago
kuti munomu Tina finance minister here .shuwa ungada kusimbirira zimdollar iro raka rejectwa kare nema forces emusika ,hakuna mumwe here ane mamwe ma conceptual skills asiri Mtuli cause he run out of ideas ,cause local mari haishandi as long kusina industry and too much corruption, inongorohwa me inflation
,,,dott · 1 year ago
chamisa agova Mwari hre anonzi anotonga ega amene uye zvaatonga ndizvozvo
matrix · 1 year ago
did anyone say he is God? If you have nothing to say dont comment.

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