Credit - Bloomberg
Zimbabwean Finance Minister Mthuli Ncube established a committee to oversee the allocation of foreign currency, amid a shortage in the southern African nation.
Sunday 06, January 2019
(Bloomberg)--The nine-member committee includes officials from the presidency, the finance, energy and commerce ministries, and the central bank, according to a statement emailed by the Treasury on Friday. The creation of the panel is part of a broader plan to set up a revised framework for foreign-exchange allocation, Ncube said.
An economic crisis in Zimbabwe has spawned a shortage of cash, idling gold mines and leading to scarcities of fuel and food.