PRESIDENT Mnangagwa yesterday directed all businesses in the country to comply with the new monetary policy regulations as there is no going back on the use of the Zimbabwe dollar for all local transactions.
Addressing local and international business executives at the 2019 ZimTrade Annual Exporters’ Conference in Bulawayo, the President said Government was strengthening its monitoring and compliance systems to buttress the use of local currency.
“In line with our country’s laws, all companies must insist on the use of our local currency for all local transactions,” said President Mnangagwa.
“Going forward, Government will continue to strengthen monitoring and compliance mechanisms.”
The return of the Zimbabwe dollar has become a topical issue among locals and abroad since its re-introduction in June this year, as people seek to gain an understanding of its implications on the economy.
In particular, the public has raised concern about the impact of the policy shift on their earnings, spending power and general livelihood.State media