Chinamasa Warns of More Cash Shortages

Finance minister Patrick Chinamasa has warned that the country’s cash shortages would worsen, following the recent civil servants salary hike.

He was speaking at a meeting on Friday between women’s groups and President Emmerson Mnangagwa.

“For as long as we are using the United States dollar as our currency and the little exports from the country, it will be difficulty to have enough to solve the country’s cash crisis,” he said.

“Another problem causing cash shortages is the fact that we have a huge fiscal debt,” he said.

“For every $100 we receive from taxes 90% is going to wages. This is for civil servants and I want them to hear this.


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