I invested all my savings in the Reserve Bank’s treasury Bills last year. The bills matured on December 2, 2009. On maturity I enquired about my investment but was told that I have to wait a bit longer since the RBZ are waiting to get an exchange rate from the Ministry of Finance.
What worries me is that the financial contract is not being respected. I invested a huge portion of my savings but what do I get in return?
This to me is a gross human rights abuse and the Law Society of Zimbabwe and the Zimbabwe Lawyers for Human Rights should be at the forefront in highlighting these abuses.
When the government allowed the Zimbabwe Stock Exchange to trade in foreign currency what exchange rate was used?
What redress should people like me get? I am now being penalised for investing in Treasury Bills.
The Minister of Finance, Tendai Biti, said that the Zimbabwe dollar can return after three years, meaning that we have to wait longer.
What do the Law Society of Zimbabwe and the Zimbabwe Lawyers for Human Rights have to say about the case?

Worried investor
Harare.   

Comments (0)

Show/Hide comments

Show/Hide comment form