A senior Zanu PF official on Friday claimed that the
Reserve Bank of Zimbabwe (RBZ) printed over $1 billion worth of bond notes
instead of the $200 million that is backed by the Afreximbank.
Zanu PF Midlands provincial spokesperson Cornelia Mupereri
made the allegations during a Zimbabwe Union of Journalists-organised
discussion on the post-election period in Gweru on Friday.
“We were told that RBZ was only going to print bond notes
worth only $200 million because that was the amount of money in United States
dollars that backed the notes as bond,” he said.
“However, from the intelligence the party has gathered, we
hear they have printed over one billion.”
Mupereri said the development was one of the reasons why
there was a shortage of foreign currency in the country.
“So, what we are saying is that as Zanu PF, we have
resolved that henceforth we will be supervising government. We will be
summoning top government officials to come and explain their activities to us
at the party level,” he said.
“We have realised that while we draft manifestos and set
policies before elections, those that are deployed in government by us
sometimes fail to execute our policies and at the end of five years the party
is blamed for not performing well and to the satisfaction of masses.”
Mupereri distanced top Zanu PF officials from the foreign
currency parallel market, claiming rogue elements were behind money changers.
“There are people who just use names of top officials to
cover up for wrongdoing,” he said.
“In my case, I know there are people using my name to cover
up for corrupt activities. That’s not good.”
RBZ governor John Mangudya yesterday dismissed Mupereri’s
claims, saying the Zanu PF official was spreading fake news.
“That is completely untrue and I am so concerned. It is
fake news,” he said.
“Like I indicated in my monetary policy statement, we have
$400 million that is circulating and we are not printing more than that.
“I do not know what the party spokesperson is up to. You
media have been writing a lot of negative things about us.
“Your headlines are not progressive. We are trying to
stabilise the market and we do not want such things published.”
The RBZ boss has been consistent that bond notes would not
be printed in excess of the amount backed in US dollars to avoid
hyper-inflation. Standard
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