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*JUST IN: If You Borrow USD, Repay In USD - New Statutory Instrument* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ax The government has announced the introduction of a new Statutory Instrument that will compel debtors to repay in the currency they would have borrowed, for instance, those who borrow USD will repay in USD. The announcement was made by Finance and Economic Development Secretary, George Guvamatanga at a press conference held in Harare this Monday. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- He said the Statutory Instrument will be issued today (27 June 2022). He said the legislation is introduced after financial institutions including banks have been complaining that people are borrowing USD and would repay in Zimbabwe dollars. This would put them at a disadvantage considering that the local currency is shedding value against the United States dollar and other currencies. *More: Pindula News is best enjoyed via the App. Download it here* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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