By Caroline Chiimba
Finance minister Mthuli Ncube has announced names of the foreign currency (forex) allocation committee in line with his 2019 National Budget statement.
The nine-member committee will be co-chaired by senior officials from the Finance ministry and the Reserve Bank of Zimbabwe (RBZ).
It comprises A. Chikondo (from the Office of the President and Cabinet); Z. Churu and D. Muchemwa from the ministry of Finance; F. Makombe from the ministry of Industry and Commerce; Colonel M. Mudzinganyama from the ministry of Energy and Power Development); A. Saburi, F. Masendu, G. Mawire and E. Matiza from the RBZ.
“Reference is made to the 2019 national budget statement which l presented to the Parliament of Zimbabwe on November 22, 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,”Ncube said in the statement . Daily News.