President Emmerson Mnangagwa’s spokesperson, George Charamba has clarified on the US$75 and US$30 Covid-19 allowances which were awarded to civil servants and pensioners yesterday. According to Charamba, the civil servants and the pensioners will not get to touch any physical USD notes as the money will not be in cash form.
Instead, the money will be in the form of a ‘purchasing electronic card’. Charamba said that this was being done to ensure that the money remained in the formal system and does not leak onto the black market.
Speaking on his social media account on the Twitter platform, Charamba said,
FOREX ALLOWANCE FOR CIVIL SERVANTS JUST A SMALL CLARIFICATION LEST THERE IS A MISCONCEPTION:
The USD75 allowance is flat across all grades. The USD75 will not come in notes form; it will be a purchasing electronic card to ensure this enhanced buying power does not feed the WHITE MARKET and allows money to circulate within the formal monetary system!! So do not expect cash disbursements. Imagine what upward of USD25m monthly cash disbursement would do to the WHITE MARKET!!!
I should have added that the three months-COVID-19 related income adjustment takes us to the next major Financial Pronouncement by Govt, in which case there will not be a hiatus or discontinuity in income.