Finance Minister Professor Mthuli Ncube has announced that salaries for civil servants are set to be adjusted in response to the recent devaluation of the ZiG currency. This decision comes after a significant decline in the value of the ZiG, which has impacted the purchasing power of government employees who are paid in this currency.
Despite being backed by gold over the past few months, the ZiG has experienced a sharp decline in value. The recent devaluation of the currency, which dropped from 13.99 to 24.39 ZiG per US Dollar, has raised concerns among the workforce, particularly civil servants. The decrease in the ZiG’s value has not only affected their earnings but has also triggered uncertainty regarding the overall stability of the currency.
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Civil Servants Express Discontent Over Unadjusted Salaries
The devaluation has frustrated many civil servants, as their salaries have not been adjusted to reflect the change in the currency’s value. Government employees, who were already dissatisfied with their pay levels before the currency drop, face even more significant financial difficulties. This has sparked widespread discontent and discussions of potential strikes if immediate salary adjustments are not made.
In a recent statement to the press, Finance Minister Professor Ncube acknowledged civil servants’ hardships due to the currency devaluation. He reassured the public that the government actively reviews salary scales and intends to implement changes to relieve the affected employees.
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Civil servants and the general public have met the announcement with cautious optimism. Many are hopeful that the upcoming salary adjustments will be substantial enough to offset the impact of the devaluation. However, there are still concerns about the long-term stability of the ZiG and whether the government’s efforts will be sufficient to restore-iharare
