foreign currency

Zimbabwe United Passenger Company (Zupco) has started charging fares in foreign currency alongside local currency, but passengers have decried the disregard for official exchange rates.
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Finance and Economic Development Minister Mthuli Ncube has claimed Zimbabwe has no shortage of foreign currency, but rather a problem of allocating it through formal systems, now being addressed by measures that include the auction system.…
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Bulawayo City Council (BCC) is considering billing residents in foreign currency and has re-adopted selling of residential stands in US dollars.
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Zimbabwe’s central bank plans to stop providing the foreign currency needed for fuel imports, handing the responsibility to private companies, officials familiar with the situation said.
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President Emmerson Mnangagwa said on Wednesday that Zimbabwe's currency was under attack from businesses that were constantly increasing prices and this was part of a wider political plot against his government.
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Motorists in Bulawayo are shunning service stations which sell fuel in foreign currency and opting to fill their tanks from those charging in local currency as the exchange rate continues to shoot through the roof on the parallel market.
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The coming in of more fuel service stations licensed to sell in foreign currency will not jeopardise the de-dollarisation process, but will increase options for motorists and help bring more forex from the free funds category into the…
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The Zimbabwe Revenue Authority (Zimra) has ordered businesses trading in both Zimbabwe dollar and foreign currency to pay their taxes in foreign currency.
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The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has frozen a bank account belonging to a Chinese company after it was identified in a network of foreign currency dealers manipulating the exchange rate.
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The National Railways of Zimbabwe (NRZ) has approached Government seeking to be allowed to receive payments in foreign currency from exporters transporting their goods by rail.
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