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*WATCH: Finance Minister Mthuli Ncube Speaks On Multi-currency, Exchange Rate, Workers' Salaries* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?er Finance and Economic Development Minister, Professor Mthuli Ncube has said the multi-currency system is here to stay while the interbank exchange rate will continue to be fine-tuned. He made the remarks at a press conference held in Harare at the backdrop of rising inflation and workers’ protests over poor salaries and working conditions. *Some of the points mentioned:* > 1). Fuel – the minister said the government has reduced levies on fuel to prevent the price of fuel from breaching the US$2 per litre mark. Government has removed levy on diesel and dropped the petrol levy to 4.7c. “This action prevented the price of fuel from breaching the US$2/L level” > 2). Health sector remuneration – Ncube said a number of allowances, including on-call, COVID-19, have been reviewed upwards to improve their welfare. > 3). For teachers – on top of a 100% increase in salary from July, performance awards have been restored effective July, payment of school fees for 3 biological children -treasury ready to disburse amount for the first term. > 4). Fuel, maize and bread prices – interventions were unveiled to stabilise prices. > 5). We’re still assessing whether we need a supplimentary budget or not. > 6). We won’t institute price controls. Watch the video below for more: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- *More: Pindula News is best enjoyed via the App. Download it here* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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