Open a Forex Trading Account |CFD Trading | Trade with a Broker

News

Pay in dollars- Zimbabwean Teachers join the bandwagon

  • January 07, 2019
  • 09:37 AM

January 7, 2019, 12:45 AM PST

Reports indicate that the Zimbabwean teachers are on a strike path which is nationwide in nature conducted by doctors and said the government they will not be ready for duty when schools reopen on Tuesday unless they are paid in dollars.

Zimbabwe, the southern African nation, has given up its currency in 2009 favoring the dollar, while the central bank simultaneously created the electronic money- the RTGS$.

Reports indicate that numerous retailers are charging nearly 4.5 times for goods paid for electronically as those paid for in paper dollars.

  

https://www.bloomberg.com/news/articles/2019-01-07/zimbabwe-teachers-start-strike-as-they-demand-pay-in-dollars?srnd=markets-vp

 

Source-Bloomberg

Leave a Comment

Comments

h

hh

  • 10 May 2019 - 05:11 am
  • Reply

You can open an easy-to-use and professional web trading account with us