The Employers’ Confederation of Zimbabwe acting president, Israel Murefu says that the floating of the RTGS Dollar will not have much of an impact to employers as most companies had already adjusted prices to the black market rates.
In an interview with Business Times, Murefu said:
Manufacturers and retailers had already increased prices to match the parallel market rates, so for us, we think there will be a minimum impact on employers. It’s a situation that we were already in.
The concerns come after the Central Bank governor John Mangudya announced that the rate of the RTGS Dollars will be driven by the market while delivering the Monetary Policy Statement. It has been anticipated that workers will demand a hike in their salaries.