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*'If NRZ Is Allowed To Charge In Forex, You Might As Well Allow Everybody'* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?zb The Reserve Bank of Zimbabwe’s (RBZ) decision to allow the National Railways of Zimbabwe (NRZ) to charge in foreign currency has been criticised by captains of industry. Confederation of Zimbabwe Industries vice-president Joseph Gunda asserted that it was unfair to allow NRZ to charge in foreign currency when other companies are obliged to trade in Zimbabwe dollars. He said: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > The challenge we have is that, if NRZ is allowed to charge in foreign currency, it means we have to get the foreign currency ourselves. > It seems there is now a contradiction here, so are we now saying companies are trading in foreign currency? > … If you allow NRZ to charge in foreign currency we might as well allow everybody because it compromises others. > It means the industry is being squeezed because with the foreign currency we get through the interbank market to buy raw material, we are being forced to pay NRZ. On December 31, 2019, the RBZ gave consented to NRZ’s appeal to be allowed to charge in foreign currency for goods exported under the Cost, Insurance and Freight (CIF) conditions. The parastatal argued that this will enable it to repair its equipment and infrastructure. *More: Sunday News* 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*
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