Zimbabwe's Mugabe names new finance minister amid currency crunch

Reuters News
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Posted: Oct 09, 2017 2:32 PM

HARARE (Reuters) - Zimbabwe President Robert Mugabe has replaced Finance Minister Patrick Chinamasa with Home Affairs Minister Ignatius Chombo in a cabinet reshuffle, the government said in a statement on Monday.

The move comes against the backdrop of a severe hard currency shortage that has dealt a fresh blow to confidence and investment in the southern African economy, which uses the U.S dollar.

(Reporting by MacDonald Dzirutwe; Writing by Ed Stoddard; Editing by Alison Williams)