Chaos As Govt Also Dumps RTGS$ And Demands USD

In a huge irony, the Ministry of Lands, Agriculture, Water, Climate and Rural Resettlement which is headed by retired Air Chief Marshal Perrance Shiri is now demanding United States Dollars for its services. As an alternative, the Ministry is only accepting RTGS$ at the prevailing interbank rate with effect from Wednesday 29 May 2019.  The government has been slamming businesses whose prices are pegged to the United States Dollar accusing them of sabotaging the economy.

The National Railways of Zimbabwe (NRZ) is also pegging its prices against the United States Dollar and demanding foreign currency or RTGS$ at the prevailing interbank rate.

This may now not go down well with civil servants who have been agitating for a pay increase arguing that their pay should match the foreign currency exchange rates. So far, the government has turned down the request.


-Iharare News

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