HARARE - Zimbabwe’s public workers have accepted a 29% salary hike for the lowest paid employees, which the government says will cushion them against double-digit inflation, unions said on Thursday, and likely averting a strike in the interim.
An agreement signed by the government and the top public workers’ union Apex Council said “a cost of living adjustment of $400 million be effected across the board for all members of the public service with effect from 1 April.” Zimbabwe’s central bank last month ditched a discredited 1:1 dollar peg for its surrogate bond notes and electronic dollars and merged them into a lower-value transitional currency called the RTGS dollar.
That's it I'm emigrating to Zimbabwe 👌
EFF watching? Watch and see what happens next.
29 % increase of worthless currency = more worthless.
Amazing in that financial challenged state- it’s the only way to reboot their economy.
Cyril gave them 100 million. How are they going to pay when that is gone.
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