Harare — Zimbabwe’s cash-strapped government is battling to contain the fury of its workers who continue to demand to be paid in US dollars as the local dollar continues to lose value on the popular parallel market.

At the official Reserve Bank of Zimbabwe market the US dollar is pegged at US$1/Z$84, but civilians buy the US dollar at US$1/ Z$130. Most prices in Zimbabwe’s largely informal economy are pegged in US dollars due to the lack of confidence in the unstable local currency. This discrepancy is leaving public workers to rue their meagre salaries...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now