Members of Parliament have requested that they receive their Constituency Development Fund (CDF) in United States dollars as a way to preserve value, as the RTGS$ is shedding value on a daily basis.
Warren Park MP, Shakespeare Hamauswa (MDC Alliance) raised a point of privilege to ask Finance Minister Mthuli Ncube to consider the proposal. He said:
Since the minister of Finance and Economic Development is in the House, I would like to request that our CDF should be converted to the US dollar using the inter-bank rate.
This is important because every time we come to submit our quotations when we go back to procure material for our projects, we normally discover that the rate which was used when we were given invoices has changed.
This means that the people we lead no longer have faith in us as their representatives.
In response, deputy National Assembly Speaker Tsitsi Gezi who was standing in for Speaker Jacob Mudenda said:
…you are raising a very important issue but I am sorry, it is not a point of privilege. You can raise that issue with your chief whips.
The fund was first introduced in 2010 by the then Finance Minister Tendai Biti. The Fund is however prone to abuse as there is no mechanism in place to see that it would be used for what it is supposed.
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Jacob Francis Mudenda is a Zimbabwean politician who is a member of the Zanu-PF party. He was elected to be the Speaker of Parliament after the 31st July 2013 elections in which his party, the Zimbabwe African National Union Patriotic Front (ZANU PF) led by... Read More About Jacob Mudenda
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The National Assembly is one of the organs of the parliament in Zimbabwe. The other being the Senate. The National Assembly in Zimbabwe consists of 270 MPs. Of these, 210 MPs are elected directly in 210 physical constituencies spread across the country. The remaining 60... Read More About National Assembly