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Zimbabwe Challenged by Government Contractors Over Halted Payments

  • Suppliers are using incorrect exchange rates: finance minister
  • Government will honor ‘correctly’ priced contracts, Ncube says

Government contractors are contesting last month’s decision by Zimbabwe’s Treasury to halt payments on the grounds that they were overcharging for goods and services.

Suppliers “are waving contracts in front of us,” alleging that they have been breached, Finance Minister Mthuli Ncube told reporters in Harare, the capital, on Monday. “It’s not a valid contract when a wrong exchange rate is used to charge the government.”