Reverse Multi Currency System Ban Or Face Strikes – ZCTU

The biggest labour movement in Zimbabwe has rubbished statutory instrument 142/19 and says workers are ready to strike if the government doesn’t reserve de-dollarisation. Using their official twitter handle ZCTU aksed workers to demand their wages in USD.

This comes at a time where the country is getting used or adjusting to the news that the RTGS is now the only legal tender in the country. Black market rates have reportedly tumbled with many black market people not buying any forex waiting to see what will happen in the next few days.

The last time the ZCTU called for industrial action in January 2019 things went south as over 12 people were killed and many were tortured and brutalised by security forces.

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The Zimbabwe Congress of Trade Unions is the country's biggest worker representative with most of its members in different sectors of industry in Zimbabwe. It has special interests in labour activism and this has resulted in it being linked to opposition political parties particularly the... Read More About ZCTU

Real-time Gross Settlement (RTGS) is a fund transfer system where the transfer of money takes place from one bank to any other bank on a "real time" and on a gross basis. Settlement in "real time" means a payment transaction is not subjected to any... Read More About RTGS

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One Comment on “Reverse Multi Currency System Ban Or Face Strikes – ZCTU

  1. The threat is can one surely part with $12 to buy usd 1 inorder 2 purchase paracet. You puqport to represent workers who get rtgs

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