Civil servants bonus rate set at 97 RTGS for US$1

Rate set for Civil Servants’ USD bonuses. The government has said that civil servants will have their US dollar bonuses calculated on the conversion rate of $97,1361 to the US dollar, the rate existing when the decision was made.

The bonus will include the total of the basic salary, housing allowance and transport allowance, civil service union leaders announced yesterday. The maximum paid in US dollars is US$700, with anything over that paid in local currency.

With the exchange rate being used, this means that everything in the combined figure up to $67 995.27 will be paid in US dollars.

Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) president Ms Cecilia Alexander, in a statement after the end of yesterday’s National Joint Negotiation Council, said the bonus will be deposited into the civil servants’ Nostro accounts.

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