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Mbare Destroying Zimbabwe Dollar – MP

Traders at Harare’s Mbare Musika have been accused of destroying the local currency, the Zimbabwe dollar.

 

Chivi North legislator Mathias Tongofa claimed that since the introduction of the $50 note, people are now rejecting the $10 note as legal tender.

 

Tongofa asked in the National Assembly what the central bank was doing about this as it had now become a trend that people reject lower denomination notes whenever a higher note is introduced.

National Assembly Speaker Jacob Mudenda advised Tongofa to ask the Minister of Finance Mthuli Ncube during question time but Ncube was not in the House on Wednesday.

 

Ncube was expected to present the mid-term budget review yesterday but will do so next Thursday, 29 July.

 

More: Insider

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