Herbert Murerwa, Zimbabwe’s Finance Minister, announced in Harare today that President Robert Mugabe’s cash trapped government has decided to increase the salaries of cabinet ministers, MPs and judges.
"It’s inflation, how are we suppose to maintain our lifestyles unless we get a pay increase?"
Murerwa did not say when exactly this would come into effect and by how much. He was addressing Parliament this afternoon during his presentation of the government’s R5.4 billion supplementary budget. Murerwa announced also that next month Zimbabwe will print a new one thousand-dollar note as its highest denomination, in attempt to deal with the country’s worsening cash crisis. Currently, Zimbabwe has a five hundred-dollar note as its highest denomination.
That’ll help, Herb, thanks. Oh, and yes I do know that Zimbabwe is in East Africa and Liberia and Nigeria are in West Africa, regardless of where I posted the stories here. The, ah, worm did it. |