Dorcas Rumano
Citizens have welcomed the decision by Government to scrap the use of multi-currency and introduction of the Zimbabwe dollar through Statutory 142 of 2019, saying the move will stabilise the pricing system on the local market.
Christopher Makaza
Lands, Agriculture, Water, Climate and Rural Resettlement Deputy Minister, Vagelis Haritatos said he was optimistic that the country will soon reclaim its status of being the bread basket of Africa once the government completes its economic fundamentals it is currently working on.
Jasper Hloka
Speculators honeymoon days are certainly over as Government moved to tame the parallel market by banning trading in US dollars through the revoking of Statutory Instrument 142 of 2019.
Bernard Mutambudzi
Following the destruction of electricity lines by Cyclone Idai in Chimanimani, Rural Electrification Agency (REA) has come up with a a rehabilitation programme.
Claver Nyuki
Reports of growing animosity between MDC leader, Nelson Chamisa and his deputy, Tendai Biti continues to gather momentum with information gathered by the Harare Post unearthing a devious plan by Chamisa to hold re-elections in all the Assemblies won by alleged Biti loyalists in a bit to halt the growing influence of his deputy leader.
Dorcas Rumano
President Emmerson Mnangagwa has officially opened the Africa Union-United Nations (AU-UN) Wildlife Economy Summit in Victoria Falls today.
Claver Nyuki
LEAD Zimbabwe leader, Linda Masarira-Kaingidza has dismissed the opposition narrative that the 2018 harmonised elections were disputed, highlighting that the MDC failed to produce evidence to support their claim that it won the 2018 Presidential elections.
Rudo Saungweme
Minister of Energy and Power Development, Fortune Chasi has encouraged farmers to team up and set up solar energy plants, a model that can help in generating excess power even for sale.
Tendai Matunhu
The Government has with immediate effect scrapped off the use of multi-currency in the country and has introduced the Zimbabwean dollar as the sole currency as prescribed in Statutory Instrument 142 of 2019.
The Statutory Instrument read, “The Ministry of Finance and Economic Development has in terms on section 64 as read with section 44A of the Reserve Bank of Zimbabwe Act (Chapter 22:15) made the following regulations.
Zimbabwe dollar to be the sole currency for legal tender purposes. With effect from the 24th June 2019 the British pound, United States dollar, South African rand, Botswana pula and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe.
Accordingly, the Zimbabwe dollar shall with effect from the 24th June 2019, but subject to be the sole legal tender in Zimbabwe in all transactions.
For the avoidance of doubt it is declared that references to the Zimbabwe dollar are coterminouswith references to the following and to no other forms of legal tender of currency; the bond note and coins referred to in section 44B of the Act and the electronic currency prescribed for the purposes of section 44C of the Act, that is to say to the RTGS dollar.
The abovementioned bond notes and RTGS are at par with the Zimbabwe dollar, that is to say each bond note unit and each RTGS dollar is equivalent to a Zimbabwe dollar and each hundredth part of a bond note unit each hundredth part of a RTGS dollar is equivalent to a Zimbabwean cent.
References to the currency of Zimbabwe shall with effect from 24 June 2019, be construed as references to the form of legal tender and the electronic currency with which the term ‘Zimbabwe dollar’ is.”
The Ministry assures Zimbabweans that, “The opening or operation of currency designated accounts, otherwise known as ‘Nostro FCA accounts’, which shall continue to be designated in the foreign currencies with which they are opened and in which they are operated, nor the making of foreign payments from such accounts.
“The requirement to pay in any of the foreign currencies referred to duties of customs in terms of Customs and Excise Act (Chapter 23:02) that are payable on the importation of goods specified under that Act to be luxury good, or in respect of such goods, to pay any import or value added tax in any of the foreign currencies referred to as required by or under the value Added Tax Act (Chapter 23:12).”
Christopher Makaza
Mashonaland West War Collaborators have demanded an immediate apology from Matabeleland South Province MDC (proportional representation) Lindiwe Maphosa, following her utterances during a parliamentary business in Mutare that Chimbwidos and war veterans were sex workers during the liberation struggle.
© 2018 Harare Post Media. All Rights Reserved.
