STIFF PENALTIES FOR FIRMS DEMANDING FOREX

Businesses selling goods and services in foreign currency face stiff penalties for defying the Government, Finance and Economic Development Minister Mthuli Ncube has said.

Statutory Instrument 142 of 2019 prescribes the Zimbabwe dollar as the sole …

Businesses selling goods and services in foreign currency face stiff penalties for defying the Government, Finance and Economic Development Minister Mthuli Ncube has said. Statutory Instrument 142 of 2019 prescribes the Zimbabwe dollar as the sole legal tender. Previously the country used a basket of currencies, including the US dollar, to beat challenges of the hyperinflation era. Of late