SHOPS MOP UP FOREX

CONSUMERS with access to foreign currency are reaping the
benefits of Government’s decision to allow businesses to transact in forex as
goods become cheaper compared to when one is buying using local currency.

In March, Government gazetted a statu…

CONSUMERS with access to foreign currency are reaping the benefits of Government’s decision to allow businesses to transact in forex as goods become cheaper compared to when one is buying using local currency. In March, Government gazetted a statutory instrument allowing the wider use of foreign currency in the country. The amended Statutory Instrument, Exchange Control (Exclusive Use of