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Zimbabwe inflation: Zimbabwe to pay soldiers, teachers in US dollars
Updated On: 21 February, 2009 01:30 PM IST | | Agencies
Zimbabwe has tried to combat the world's highest inflation by widening the use of foreign currency u2014 the first act of a coalition government that gave the longtime opposition control of much economic policy
Zimbabweu00a0has tried to combat the world's highest inflation by widening the use of foreign currency u2014 the first act of a coalition government that gave the longtime opposition control of much economic policy.
Finance Minister Tendai Biti, a veteran opposition leader, told reporters that some 130,000 soldiers, teachers, civil servants and other government workers will now receive payment in US dollars instead of local currency. The $100 monthly salary will be a raise for most government employees, who had seen their buying power drop to the equivalent of $30 a month because of inflation.
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