Categories: Stories

Zimbabwe to soldier on with local currency though it is under attack 

THE HON. SPEAKER:  Hon. Member, couch that in a question.

HON. BITI:  My question to the Hon. Minister of Finance and Economic Development, through the leader of the House is that with the cost of living rising exponentially, with the exchange rate depreciating, the parallel market rate is now close to 300, what are you doing to the plight of civil servants, teachers, nurses, doctors, judges, magistrates, bus drivers, Speaker of Parliament, Clerk of Parliament, staff at Parliament, Members of Parliament who continue to have their salaries being eroded by the rambunctious inflation and the depreciation of the Zimbabwean dollar?  Why do you not just dollarise the salary of the Speaker, the Clerk, civil servants, teachers, doctors and nurses?  I thank you very much Hon. Speaker Sir.

THE HON. SPEAKER:  Order Hon. Member, there is no need to mention specific people.  Just simply say the public, it is enough.

HON. BITI:  But I was making a case for your salary too.

THE MINISTER OF JUSTICE, LEGAL AND PARLIAMENTARY AFFAIRS (HON. ZIYAMBI):  I want to thank the Hon. Member.  Mr. Speaker, it has become a perennial question asked by Hon. Biti every time he has been in this House.  Having said that Mr. Speaker, we are not discontinuing the use of the Zimbabwean dollar.  What we are alive to is that the fundamentals that have to support our dollar are there but because we have a situation in this country whereby we have sanctions and those sanctions directly attack our currency, we will continue with the policies that we are making to ensure that we strengthen our currency and review the salaries of our civil servants.

I am aware that the Minister of Finance and Economic Development has been reviewing the salaries of our civil servants.  He has given allowances in United States dollars to cushion but what we are doing is, we will continue with the use of our dollar.  We will continue to soldier on despite the fact that those that are calling for the return of the United States dollar are the ones that made sure that we suffer so that they can scream on top of their voices.  I thank you.

HON. BITI:  Thank you Hon. Speaker.  The question to the Hon. Minister is, what effective measures are you taking to ensure that the civil servant is decently rewarded in view of the high cost – [HON. TOGAREPI:  Ndiwe wakaisa masanctions acho.] – [HON. MEMBERS: Inaudible interjections.] – My question to the distinguished and esteemed Minister is, what measures are you taking to effectively cushion the worker, the civil servant against the falling exchange rate and the cost of living that is rising exponentially–[HON. MEMBERS: Inaudible interjections.] –

THE HON. SPEAKER:  Order, order!  Can we allow the Hon. Minister to respond – [HON. MEMBERS: Inaudible interjections.] – Order, order! Hon. Biti, do you want your question to be answered?  Withdraw!

HON. BITI:  I withdraw Hon. Speaker.

Continued next page

(223 VIEWS)

This post was last modified on April 6, 2022 9:56 pm

Page: 1 2 3 4

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Zimbabwe among the top countries with the widest gap between the rich and poor

Zimbabwe is among the top 30 countries in the world with the widest gap between…

November 14, 2024

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024