Harare — THE introduction of the Foreign Exchange Licensed Warehouses and Retail Shops facility authorising businesses to sell goods and services in foreign currency, and the mushrooming of other unlicensed outlets has dealt a near-death blow to the illegal foreign currency market as fewer people are changing their hard currency into Zimbabwe dollars.
Since almost all goods and services can now be paid for in hard currency, demand for Zimbabwe dollars on the illegal parallel market has fallen drastically, a development that has seen illegal foreign currency dealings almost drying up.
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