Mthuli Ncube Sets Up Foreign Currency Allocation Committee

Finance and Economic Development Minister Mthuli Ncube announced a new foreign currency allocation committee in a statement on Friday.

The committee will be made up of individuals from the Office of the President and Cabinet, the Reserve Bank of Zimbabwe, Finance, Industry and Energy Ministries. Ncube announced Government would set up the committee when he presented his maiden national budget last month. Below is Ncube’s statement regarding the setting up of the foreign currency committee:

Reference is made to the 2019 National Budget Statement which I presented to the Parliament of Zimbabwe on 22 November 2018.

This Budget Statement contained a number of policy reform measures, with one of them being the proposal to set up a revised framework for the allocation of foreign currency.

More specifically, the Budget proposed to “establish a strong inclusive framework, through an Interim Foreign Currency Allocation Committee, with broader representation as was the case in the past”

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In line \vial this policy pronouncement, I am pleased to announce the appointment of the following Members to the Foreign Currency Allocation Committee:

Office of the President and Cabinet

1. Mr . A. Chikondo

Ministry of Finance and Economic Development
2. Mr. Z. R. Churu

3. Mr. D. Muchemwa

Ministry of Industry and Commerce

4. Mrs. F. Makornbe

Ministry of Energy and Power Development

5. Col. M Mudzinganyarna

Reserve Bank of Zimbabwe
6. Mr A. Saburi

7. Mr. F. Masendu

8. Mr. G. Mawire

9. Mr. E. Matiza