ZCTU confronts RBZ in currency battle

WORKERS have threatened to take their war to the Reserve Bank of Zimbabwe (RBZ) for unilaterally declaring a new currency, the RTGS dollar, effectively eroding the value of their salaries that were pegged in United States dollars.

The workers are demanding that they be paid in US dollars as reflected on their contracts of employment.

Through the Zimbabwe Congress of Trade Unions (ZCTU), the workers are preparing a legal suit against the central bank “for illegally imposing itself on our contracts of employment”.

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