Last updated on September 11th, 2021 at 03:04 pm
Finance Minister in an interview with the Sunday Mail said the mono currency situation is here to stay and the government wants to enforce the use of the Zimbabwe Dollar and they will penalise those who deviate from charging and pricing in local currency.
Said Professor Mthuli:
Zimbabwe is in a mono-currency situation. We introduced the Zimbabwe dollar, which is the domestic currency of Zimbabwe. But we know that it’s taking time for Zimbabwe to adjust.
Why? Because it’s difficult to have that silver bullet where everyone complies. Of course, as Government, we are enforcing compliance, we are introducing penalties for those who deviate
We will make sure that the US dollar is pulled back as a currency that people prefer to use. They shouldn’t do that, they are violating the law and we want to enforce the use of the Zimbabwe dollar,
The government abolished the multi-currency system in favour of the mono currency system on 24 June 2019. The Zimbabwe Dollar subsequently depreciated in value since its introduction.