Gov. John Mangudy said in a statement in Harare, that the loan was to ease a dollar crunch that had brought fuel and medicine shortages.
“This amount shall go a long way to stabilise the exchange rates and prices of goods and services in the economy.’’ But dollars have been scarce on the official market, where a U.S. dollar fetches 3.4 RTGS dollars, compared to 6.3 RTGS dollars in the black market. Finance Minister Mthuli Ncube tweeted that the loan had been secured from international banks, which he did not name.
What an average politician will have in his/her pocket for the weekend.
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