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Zim-dollar going nowhere, says govt

HORIZONTAL

Zimstar News

Government has vowed to maintain the use of the Zimbabwean dollar as the main currency in the country despite evident signs of inflationary pressures weighing down on its value.

Speaking as leader of the house in parliament Wednesday, Justice Minister Ziyambi Ziyambi blamed western imposed sanctions for allegedly weakening the value of the Zim-dollar.

He maintained government shall pull all the stops to ensure the value of the local currency is strengthened.

“We are not discontinuing the use of the Zimbabwean dollar,” said Ziyambi.

HORIZONTAL

“What we are alive to is that the fundamentals that have to support our dollar are there but because we have a situation in this country whereby we have sanctions and those sanctions directly attack our currency, we will continue with the policies that we are making to ensure that we strengthen our currency and review the salaries of our civil servants.”

Ziyambi was responding to a question by Harare East legislator Tendai Biti who asked what was hindering government from dollarising civil servants’ wages in light of the fast-depreciating value of the local currency.

Said the minister: “I am aware that the Minister of Finance and Economic Development has been reviewing the salaries of our civil servants. 

“He has given allowances in United States dollars to cushion but what we are doing is, we will continue with the use of our dollar. 

HORIZONTAL

“We will continue to soldier on despite the fact that those that are calling for the return of the United States dollar are the ones that made sure that we suffer so that they can scream on top of their voices.”

Civil servants have been demanding the reinstatement of their US dollar wages that they used to receive during the inclusive administration, but government has responded with threats and summary suspensions on those who have dumped their tools in protest.

In signs government was not going back on maintaining the Zim-dollar, Finance Minister Mthuli Ncube Wednesday announced the pending introduction of a 100-dollar bond note to anchor the current family of bond notes.

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