Zimbabwe bars state agencies from charging fees in US dollars

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Business Business Headlines News

Zimbabwe has banned government ministries and local authorities from charging fees and levies in foreign currency, the ministry of finance said.

This after TimesLIVE reported on Thursday that companies such as state-owned Zimbabwe United Passenger Company hiked fares in Zimbabwe dollars and announced they can be paid in the US currency.

However, finance secretary George Guvamatanga said: “Treasury notes with concern that some government agencies, as well as local authorities, are now advertising in the media prescribing payment for some services exclusively in foreign currency.” “This is a hardship for all the people who earn in Zimbabwe dollars because they constantly have to find alternative streams of income to make ends meet and support themselves.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Lauren_Flores_1 on Twitter She guides me through and i made a return of R155,000 after a week of trading, connect with her

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0

I never knew i will profit this much through trading. Investing in the market and commodities like crypto can boost your financial stability. Let expert do the job for you while you invest your money with comfort. Invest with Neliwecynthia

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

London hedge fund founder arrested in Spain and charged with market manipulationThe arrest of GlenPointCapital co-founder Neil Phillips for alleged foreign-exchange market manipulation threatened to ripple across the hedge fund industry as another firm suspended staffers who previously worked with him Monewyeb FinanceNews Markets
Source: Moneyweb - 🏆 5. / 77 Read more »