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Payment Of License Fees 2022: ZERA Speaks On Acceptable Exchange Rate

Payment Of License Fees 2022: ZERA Speaks On Acceptable Exchange Rate

The Zimbabwe Energy Regulatory Authority (ZERA) has announced that the payment of license fees and any other fees should be done using the rate of exchange established through the Willing-Buyer Willing-Seller exchange rate system. In a statement, seen by Pindula News, the authority said the move is meant to restore macroeconomic stability. Reads the statement:

PAYMENT OF LICENSE FEES 2022

Following the announcement of measures to restore confidence, preserve value and restore macroeconomic stability by Government, the Zimbabwe Energy Regulatory Authority (ZERA) wishes to advise relevant stakeholders that payment or remittance of license fees and any other fees should be done (where applicable) using the rate of exchange established through the Willing-Buyer Willing-Seller exchange rate system.

This is happening when the Reserve Bank of Zimbabwe (RBZ)‘s exchange is behind the black market rate by a huge margin.

Many people were preferring to use the local currency for payment of goods and services provided by government institutions since it would be cheaper.

Last week, the foreign exchange weighted average rate fell to US$1: ZWL$290.8876 from US$1: ZWL$258.5404 while it is around US$1: ZWL$400 on the parallel market.

Some say the parallel market was the more realistic and businesses are pricing their commodities using the black market rate.

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4 Comments

Mwakusha 1 month ago

Hapana!! Nhasi tiri kukwidza rate futi


Rate 1 month ago

Today it will be RTGS350,we are trying to catch up with the black market rate

Mmmm 1 month ago

Professor of financial mess should resign, all the wagon wheels have fallen off.


Imwe Mbeu 1 month ago

Heard vamwe vachiti rate raaku500 wani 🤔



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