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*The Market/Economy Has Self Re-Dollarised - ZCTU Expresses Concern Over Cost Of Living* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?cq ZTCU Authorities have expressed their concern over the increased use of the USD 6 months after the government declared the Zim Dollar the official currency and banned the multi-currency system Daily News reports. ZCTU’s Japhet Moyo said: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > .. its self-evident that the United States dollar has returned to be- come the preferred currency in the country. The market has re-dollarised regardless of the legal framework that prohibits the use of the US dollar. That is the reality on the ground. > This has created a big distortion in the market where wages and salaries are in local currency while goods and services are pegged at parallel exchange rates or actual US dollars. ZCTU is the country’s biggest labour organisation. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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