Zimbabwe: Govt Threatens to Tighten Forex Rules

GOVERNMENT says it could be forced to limit the number of swipe transactions that a person can conduct in supermarkets per day as part of measures to curb parallel market activities.

The new plan announced by Finance and Economic Development Deputy minister Clemence Chiduwa came two weeks after government moved to stop delinquency through Statutory Instrument (SI) 127 of 2021, which brought heavy penalties for businesses found abating currency volatilities.

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