The Sunday Mail
Memory Nguwi
We recently surveyed Zimbabwean organisations on United States dollar payment practices.
Our goal was to gain an insight into the prevalence of payment of salaries in US dollars. We also sought to find out how these payments were divided, between the US dollar and the Zimbabwe dollar (ZWL).
In addition, we wanted to understand how the organisations were funding the US dollar salaries.
Our survey results may surprise you. They shed light on Zimbabwean organisations’ challenges and opportunities.
The economic situation in Zimbabwe has had a significant impact on salaries.
The country’s high inflation rates have eroded the purchasing power of the local currency, making it difficult for employers to maintain the real value of employee salaries.
As a result, many workers in the country have experienced a decline in their standard of living as their salaries have not kept pace with the r...
