Zimbabwe's Mugabe Names New Finance Minister Amid Currency Crunch 1 234 567

Zimbabwe's Mugabe Names New Finance Minister Amid Currency Crunch

voanews.com

Zimbabwe President Robert Mugabe has replaced Finance Minister Patrick Chinamasa — who will lead a new Security Ministry — with Home Affairs Minister Ignatius Chombo in a cabinet reshuffle, the government said in a statement 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.

Chinamasa was appointed finance minister in 2013 after Mugabe was...

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