The same legal instrument also says all loans obtained by individuals or businesses must be repaid in the currency in which they were obtained.
The regulation is aimed at shoring the local currency and curbing speculation which has seen the local currency plummet to $366.27 at the auction rate and $460 to $670 on the black market.
Here is the SI in full:
(457 VIEWS)
At least four million people in Zimbabwe reported that they had gone without food on…
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
