High Court judge Justice Joseph Musakwa has ruled as not
urgent an application by businessman and lawyer, Tawanda Nyambirai who was
seeking an order to interdict Finance minister Mthuli Ncube and Reserve Bank of
Zimbabwe (RBZ) governor John Mangudya from scrapping the multi-currency regime.
Nyambirai last week filed the urgent chamber application to
bar Ncube and Mangudya from introducing or implementing any policies,
regulations or decisions that may affect the value of the foreign currencies
currently held by members of the public and the Real Time Gross Settlement
(RTGS) balances prior to the effective date of the Presidential Powers
(Temporal Measures), which outlawed the multi-currency regime.
On Tuesday this week, Justice Musakwa entertained the
chamber application and ruled it not urgent.
“Considering when Statutory Instrument (SI) 33/19 was
published, this application cannot jump the queue and be heard on an urgent
basis. It is also noted that the applicant (Tawanda Nyambirai) does not explain
why no action was taken
at the earliest opportunity. There is no canvassing of the
irreparable harm that is feared and whether there are no satisfactory remedies
at the disposal of the applicant. Can the application be removed from the
roll,” Justice Musakwa said.
In his urgent application, Nyambirai said he was
representing his own interests and those of the members of public who were
holders of foreign currencies as at the effective date of the RBZ (legal
tender) Regulations SI 142 of 2019, as well as holders of Zimbabwe bond notes
and coins and electronic United States dollar balances that were compulsorily
converted to RTGS Dollars without compensation.
The matter will now be set down for hearing like any other
court application. Newsday
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