Zim Risk Descending Into Total Chaos If Govt Insists Bond Note Is At Par With US Dollar
30 December 2018
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Jane Mlambo| Zimbabwe could descend into chaos if government continues with its 1:1 rate between the local bond notes and United States Dollars.

This is amid the current impasse between junior doctors and government which has entered day 30 and threats by teachers not to turn up for duty when schools open next term.

On the other hand, the Zimbabwe Congress of Trade Union (ZCTU) has also joined the bandwagon and have threatened to shutdown the country if government fails to pay workers in United States dollars.

Government insistence that Bond note is at par with US dollars could be the reason why things are upside down as this means workers salaries which have been devalued due to a sharp rise in the price of basic commodities, will not be increased as it will mean that the treasury has to avail foreign currency to settle wages should the country dump the greenback.