Let me remind Hon. Members in this august House that when we receive money, when money is transmitted into this country, it does not come as physical cash. Right now, our bank deposits are something like US$6.3 billion, but it did not come as physical cash, we have to use our precious foreign currency to import US$ from the United States, foreign currency which we could otherwise use to buy important things. Now we purchase that physical cash and it disappears like that and we are blamed for that disappearance.
Mr. Speaker Sir, let me just conclude. I would like to thank the Hon. Member for asking this question. Let me just say Mr. Speaker Sir, there is no other country on the continent which uses US$ to pay salaries for its nationals, to purchase tomatoes and mazhanje using a global reserve currency, that is madness – [HON. MEMBERS: Hear, hear.] –
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This post was last modified on November 24, 2016 7:27 pm
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