(Bloomberg) -- Zimbabwean Finance Minister Mthuli Ncube established a committee to oversee the allocation of foreign currency, amid a shortage in the southern African nation.
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.
Click here to read a related article about Zimbabwe's forex shortage
To contact the reporter on this story: Desmond Kumbuka in Harare at dkumbuka@bloomberg.net
To contact the editors responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net, Paul Richardson
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