Govt to investigate Roadport money changers

Posted by Tayana

Speaking in Parliament, Marondera Central MP Lawrence Katsiru (Zanu PF) claimed that brand new notes were being traded at Roadport by money dealers saying Chinamasa must look into the issue, which had contributed to shortages of money at the country’s banks.

Finance minister, Patrick Chinamasa said his ministry will look into the issue. Said Chinamasa:

The issue is going to be investigated. What I know is that any bond notes issued are issued to commercial banks and not to individuals. What could be happening is that some people are issued with brand new bond notes when they withdraw at banks, and these will end up at Roadport in exchange for United States dollars.

More: NewsDay

Patrick ChinamasaBond Notes

Patrick Anthony Chinamasa is a Zimbabwean politician and a member of the ruling Zanu-PF party. He is the current Minister of Finance and Economic Planning .He was reappointed to the ministry after President Emmerson Mnangagwa had appointed his cabinet in November 2017.Chinamasa is former Minister... Read More About Patrick Chinamasa

Bond Notes are a currency of notes backed by a bond that the Zimbabwe government announced on 4 May 2016 by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya. The $2 denomination of the notes was finally introduced on 28 November 2016. More notes were... Read More About Bond Notes

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