National Tripartite Negotiating Forum Gives Govt 5 Day Ultimatum To Withdraw Ban On Foreign Currency
The National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019 or face mass action. The SI simultaneously bans the use of multi-currency or domestic transactions and reintroduced the Zimbabwe dollar.
The issuance o the SI has resulted in some people withdrawing their money from foreign currency accounts (FCAs) and some banks reportedly turning away clients citing a central bank directive.
The development was confirmed by Public Service Labour, Public Service and Social Welfare minister, Sekai Nzenza yesterday. Addressing a Press conference after the inaugural TNF meeting, Nzenza said:
Concern was raised on the consultative process leading to the promulgation of SI 142 of 2019. It was resolved that a proposal be made to Cabinet to consider withdrawal or review of the statutory instrument, with inputs from social partners. Going forward, it was agreed that social and economic policy be discussed at TNF before pronunciation.
Zimbabwe Congress of Trade Unions (ZCTU) president, Peter Mutasa, told the same briefing that if the government does not revoke the ban on the use of multi-currency, workers would take it to the streets.
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The meeting also agreed that while the TNF would be used as a platform for social engagement, all parties reserve their rights when they feel aggrieved.
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