No Money Ever Disappeared At Parirenyatwa, The Money Is Still In The Hospital Account It Was Eroded By The Interbank Market Rate

Rarirenyatwa has taken the initiative to explain the missing 3.5 million US which was supposed to buy a Catheterisation Laboratory but reportedly vanished from the hospital coffers.

The hospital says the money was never missing as it is still in the hospital bank account but was eroded with the interbank market rate which was introduced on 20 February last year, The Herald reports.

This was revealed by the hospital’s CEO, Dr Manyawu, who said:

…Government, through the Ministry of Finance and Economic Development transferred US$3,5 million for the purchase of the Cathlab on April 24, 2018

However, it is important to note that this was after S.I 33 of February 2019 which established the interbank rate between the US dollar and RTGS dollar.

After this new Monetary Policy Statement, the US$3,5m was converted into RTGS at the bank rate and was no longer adequate to pay for the equipment.

More: The Herald

 

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One Comment on “No Money Ever Disappeared At Parirenyatwa, The Money Is Still In The Hospital Account It Was Eroded By The Interbank Market Rate

  1. Why wasn`t the US$3.5 million not paid straight to seller of the Cathlab or did the middle men need their cut??? Secondly dates are not matching up surely if money comes in April 24th 2018 ,,,why not pay it out immediately???? Using the ludicrous SI33 of Feb 2019 (10 moths later) is just an excuse to syphon this money.

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