News / National
Demonetization of Zimdollar pensions to be probed
28 Jul 2015 at 07:03hrs | Views
President Robert Mugabe has appointed Retired Justice George Smith to chair a commission of inquiry into the conversion of pensions and insurance benefits to the United States dollar from the defunct Zimbabwean dollar.
The move is set to bring closure to the matter which has been pending since Zimbabwe embraced the multi-currency regime in 2009.
It also dovetails with the decommissioning of the Zimbabwean dollar from the formal system.
The process to retire the local unit runs up to September. It began on June 15.
Source - newsday
