RECAP: Zimbabwe government to pay civil servants in US dollars due to devaluation of the ZiG
The government of Zimbabwe, in an attempt to mitigate the impact of the recent devaluation of the ZiG, has announced that salary raises and an annual bonus for civil servants in the country will be paid in US dollars.
John Mushayavanhu, Governor of the Reserve Bank of Zimbabwe, presents the new national currency Zimbabwe Gold, or ZiG.Columbus Mavhunga/picture alliance/Getty Images
- The move is aimed at uplifting lower-income employees from inflation and widespread poverty.
- The Treasury has allocated US dollars for government employees and salary adjustments.
- Since its launch in April, efforts by Reserve Bank of Zimbabwe to support ZiG on the parallel market have been met with difficulties.
