News:Read Chinamasa's official Press statement on son's alleged arrest

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Patrick Chinamasa has released a press statement regarding the rumours that were circulating on social media concerning his son Tino.Social media was awash with rumours that Tinotenda Chinamasa had been arrested whilst trying to smuggle $7 million through the Beitbridge Border Post.

Chinamasa in his press statement labels the rumours as evil, malicious and false. He also mentions that Reserve Bank of Zimbabwe Governor John Mangudya is available to engage any group to fully explain the measures that the RBZ has been taking to stimulate economic growth. Below is Chinamasa's full statement;



1. There have been rumours circulating in the social media about the alleged arrest of my son for trying to smuggle $7 million cash through Beitbridge Boarder Post on Sunday 29 May 2016.

2. These rumours and claims are false, evil, malicious and highly mischievous.

3. This onslaught on my character and reputation will not deter or intimidate us from pursing economic reforms within the context of Zim Asset. I am actually emboldened to accelerate implementation of our recent agenda in order to turnaround the fortunes of our economy.

4. Government supports to the hilt the recent measures by the Reserve Bank of Zimbabwe (RBZ) aimed at stimulating production, generating exports, reducing the import bill, and containing externalisation of foreign currency.

5. Government is consulting Afreximbank, IMF, AfDB and the World Bank to explore mechanisms that could be put in place to ensure there is no abuse in the issuance of Bond Notes and that they are issued relative to the quantum of exports generated in the economy.

6. The RBZ Governor is available to engage any group to fully explain the measures and how they will help address the cash crisis and stimulate economic activities for the benefit of Zimbabwe and its people.

7. I urge journalists and other users of social media to report responsibly and avoid peddling falsehoods.

Hon P. A. Chinamasa, MP

Minister of Finance"

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