The Zimbabwe dollar has been stable at $81.35 against the greenback for the past three weeks while the black market rate is anything up to $95.
Responding to a question in Parliament from Priscilla Misihairabwi-Mushonga why retailers were compelled to display prices in both currencies, Finance Minister Mthuli Ncube this was to make sure that they complied with the market rate.
It was also meant to ensure that they paid their taxes in the currency in which they were paid.
“Those who are accessing money from the auction, we are compelling them to sign an undertaking that having access to money from the auction, they will sell their goods in terms of display of the exchange rate which we are compelling them to display. So we just want to make sure that there is compliance,” Ncube said.
“The Central Bank (RBZ) has issued six hotline numbers which any citizen can call in order to make sure that we know who is violating the law. You can also inform the police so that they can act. We want to make sure that we enforce the law as stipulated and everyone complies.”
“Certainly it is not my instruction,” he said.
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This post was last modified on October 24, 2020 7:36 am
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