Central Banks
Zimbabwe Plans Pay Review for State Workers After 43% ZiG Devaluation, Mail Says
- Authorities plan to pay annual bonuses next month in dollars
- ZiG loses 5% of value to dollar since Sept. 27 devaluation
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Zimbabwe plans to review state workers’ pay after a 43% devaluation of its gold-backed currency last month eroded their earnings, according to the Sunday Mail newspaper.
The Treasury has set aside a significant amount of dollars to fund the salary adjustments, the state-controlled weekly reported, citing Public Service, Labour and Social Welfare Minister July Moyo.