7 January 2013

Zambia: Member of Parliament Cautions Public On Rebased Currency

Mansa — MANSA Central Member of Parliament (MP) Kennedy Sakeni has cautioned members of the public against accepting third parties when exchanging the old currency with the rebased kwacha.

Mr Sakeni, who is Information and Broadcasting Services Minister, said that some unscrupulous people wanted to take advantage of the ignorance of some citizens to swindle them out of their money in the exchange process.

"You should not be cheated by people who would want to change your money with the rebased currency on your behalf because that is theft.

Go to the bank yourself and change it on your own," Mr Sakeni said.

He said this in Mansa at the weekend when he addressed residents at a public rally.

Mr Sakeni said the Government had given enough time for people to exchange the old currency with the rebased currency and that the exercise would continue until the end of June this year.

"Some people will be coming to your villages but you don't need to be desperate wherever you are because you have up to June this year to exchange the money, so you have enough time," he said.

At the same occasion, Luapula Province Minister Benson Kapaya said the promises that were made by the Patriotic Front (PF) prior to the 2011 general elections were being fulfilled.

"We promised to repair the roads and the roads are being worked on after a long time of neglect, while secondary schools are also being built," Brigadier-General Kapaya said.

He said the Government would tar the Samfya-Musaile Road, while work on the Pedicle Road was on course and would be completed this year.

Earlier, Bangweulu PF MP Chifita Matafwali called for patience from people as Government was on track in implementing developmental programmes.

On Friday last week, President Michael Sata directed PF MPs to visit their constituencies and assist Government in sensitising the general public on the rebased currency.

The President explained that it was an internationally established practice to rebase a currency during the period of low and stable inflation.

Mr Sata expressed confidence that the rebasing of the kwacha would continue without hindrance.

The rebased currency came into effect on January 1, this year.

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