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Finance Minister calls for unity against CoronaVirus, reduces petrol prices

Monday, 23rd March, 2020

MBABANE:  Finance Minister Neal Rijikernberg has called for unity against the CoronaVirus as he announced reduction in petrol prices to mitigate and reduce the financial burden from eMaswati in these tough times.

In a press statement released on Monday, the Honorable Minister pleaded with all Emaswati to unite against the virus and encouraged communities and households to support each other during this dark hour.

“This is not a time for political agendas, vandettas , propaganda or selfish ambitions but a time to show that our country can demonstrate eSwatini’s true strength of unity, peace and stability” he said.

The Minister said fuel prices will come down during the first week of April, however, he said, the Ministry of Natural Resources was yet to finalize the calculations and make the necessary announcement.

“Fuel prices will come down during the first week of April, however the Ministry of Natural Resources and Energy is yet to finalize the calculations and will make the necessary announcement as usual. The Central Bank has reduced the discount rate with 100 basis point that will reduce the cost of debt with 1%. The Central Bank has reduced the liquidity requirements for the banks from 25% to 20% giving the banks more liquidity. The banks have announced that those individuals and companies that need short term financial support or relief can approach them and each application will be assessed on a risk based approach” said the Finance Minister.

  

Finance Minister calls for unity against CoronaVirus, reduces petrol prices
Finance Minister Neal Rijkernberg