Pindula
Register Login

JUST IN: VID Cashiers Rejecting The Zimbabwe Dollar Demanding USD - Report

JUST IN: VID Cashiers Rejecting The Zimbabwe Dollar Demanding USD - Report

Cashiers at the Vehicle Inspection Department in Eastlea, Harare were this morning reportedly rejecting local Zimbabwe dollars demanding the United States Dollar for services.

NewsDay Zimbabwe reports that the cashiers had received a “directive from above.”

Meanwhile, scores of people seeking to sit for provisional driving licence tests were left stranded, as authorities claim that they have been ordered to stop taking booking payments over an ‘unresolved’ currency dilemma. 

The cashiers were rejecting Zimbabwe dollars around 8 am.

This is happening as the southern African country is facing a huge scarcity of foreign currency.

Impact of the development:

High demand for the USD will result in the Zimbabwe dollar losing value further, reversing some relative stability experienced in recent weeks. 

The business sector will likely reject the Zimbabwe dollar too.

Causes of Forex Scarcity:

Zimbabwe has over the years experienced challenges in attracting foreign currency to the financial sector. Imports are improving but are still insufficient to sustain the local economy.

The local industry is collapsed which means businesses have to import commodities to meet local demand. Imports require foreign currency.

This has created a sustained foreign currency shortage in the economy where producers have to rely on the parallel market for liquidity to import essential raw materials and pay for external obligations.

Pindula News

Share Article

Sponsored

13 Comments

Sorojena 3 weeks ago

I do not blame them, the ZimBondRtgsDollar is unworkable with keeps on depreciating. Time to fully dollarise.


Turoo 3 weeks ago

Haagadzirwe nababa vako kaa aya maUSD aurikutaura senge ekumba kwenyu😂😂😂

Doro_mushonga_we_mbabva 3 weeks ago

Fully dorrarise....


Chimboti Pizza 3 weeks ago

@Doro_mushonga_we_mbavha, hauna kunzwa zvichinzi munyika mune USD shortage here munews article iri

Bee 3 weeks ago

Anyone ane provisional license tests and answers andibatsirewo


@Zelensky 3 weeks ago

Thanks wangu

Zelensky 3 weeks ago

Download app rakanzi road rules remumo mu zimbabwe . Ka1 manje

WILLIAM SONBOY CHINEMBIRI 3 weeks ago

I humbly ask Muzvinafundo wemari, Mthuli Ncube, to examine his conscience once more on the issue of United States dollars versus rtgs.

To me as a layman in economics, the Zimbabwe rtgs has been rejected by the by our economy which has embraced the United States dollar. It is not the people who have rejected the rtgs, but the economy itself.

I feel that Zimbabwe has reached that stage where government is now causing confusion. Government announced policy is that it accepts rtgs and other foreign currencies as trading currencies. But some government departments are still rejecting rtgs in favour of United States dollars.

[ NHAI VA MUZVINAFUNDO WEMARI, MTHULI NCUBE, NDIYANIKO ARI KUNYENGEDZA MUMWE? ]

[I URGE ALL CITIZENS TO REGISTER AND VOTE CCC POLITICAL PARTY FOR REAL CHANGE ].

Yours faithfully
William Sonboy CHINEMBIRI
[ THE BUSH LAWYER ].


cde chidodo 3 weeks ago

corruption yakatanga nevakuru and it's now more of a culture in our motherland. The whole ****en system is corrupt. We need an engine overhaul.


Shelter 3 weeks ago

Its a lie, I was @ Vid Eastlea this morning, they are accepting all currencies


36 3 weeks ago

Do you mean that pindula is now making up stories.@Shelter

Sponsored

Real,, dott 3 weeks ago

Kana uchida full dollarrise gadzira rako uite izvozvo,, what e fool, kuramba mari yenyu uchida yevamwe ndimi tyoe dzaichemera chikafu chekumaraini imi


Mukanyapazvese 3 weeks ago

Even Hatare city council is accepting only IS dollars for some of their services



Leave a comment


Recent News


News Categories



Feedback