HARARE – Finance minister Mthuli Ncube has said government will enact legislation enshrining the use of multi-currency system in the economy as part of measures to maintain stability and confidence in the market.
He made the remarks Monday during a press conference on various measures aimed at stabilizing the exchange rate, the availability of basic necessities and the working conditions of civil servants.
Ncube said government will release maize and wheat from the strategic grain reserve to ensure the availability of flour and bread in the country.
- Zimbabwe inflation rate rises to 191.6% in June, records continue to tumble
- Mthuli Ncube grilled over poor state of economy, promises better fortunes
In addition, millers will also be allowed to import their own grain to supplement local stocks.
Ncube added that government is set to provide a 100% salary increase to civil servants, parliamentary staff and the security sector.
The package will also include several non-monetary benefits, including the provision of institutional accommodation, transport, import facilities duty-free vehicles and access to home loans.
The government is also planning specific allowances for the health sector, including increased on-call allowances for doctors and night-call allowances for nurses.
At the press conference, Ncube was accompanied by Finance ministry permanent secretary George Guvamatanga who stole the limelight by displaying discomfort as the minister announced the fictitious measures.