Home
About
Contact
Register
Login
Generate
WhatsApp Message
*Zimbabwe Traders Revert To The Banned Foreign Currency* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?bx Zimbabwean traders are reportedly trading using the banned foreign currency citing the rapid rate at which the local currency is shedding value against other currencies. The Standard notes that most businesses in Manicaland were trading in the South African Rand although saying most of the residents had the Rand from their beloved ones in South Africa. ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- The publication further reports that businesses, however, give their customers the local currency as change. One trader in Chisumbanje who spoke to the Standard said: > We don’t have an option here. We get rand from our customers and we give them change in Zimbabwe dollar. Ecocash or mobile money transactions are not popular here. In June last year, the government introduced Statutory Instrument 142 which banned the use of all foreign currencies for domestic transactions. Through the same SI, the Zimbabwe dollar was reintroduced and was made the sole legal tender. The move was castigated by several analysts who observed that authorities had not created a conducive environment first. More: The Standard itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Feedback