Billing of rates and services exclusively in foreign currency illegal, Treasury

Prof Mthuli Ncube

The Minister of Finance and Economic Development, Professor Mthuli Ncube has reprimanded government agencies and local authorities who are charging for their services exclusively in foreign currency in total defiance of the directive to charge for services in local currency.

Professor Ncube issued a statement this Tuesday.

“On the 29th of May 2023, Government directed that all Government Agencies including Local Authorities should collect fees and levies in local currency in order to promote the wider use of domestic currency.

However, Government notes with concern the outright disregard of this directive by certain Local Authorities and Government Agencies who either have gone ahead to issue notices to the contrary or continue charging services exclusively in United States Dollars”, read the statement.

The Minister singled out the opposition led City Of Harare as one such defiant Local Authority which has disregarded the Government directive.

“The City of Harare is one such case in point”, read the statement.

The Minister implored all agencies and local authorities to make use of the real time gross settlement electronic dollars (RTGS Dollars) as directed in Statutory Instrument 33 of 2019.

Government in 2019 made the Zimbabwe Dollar the sole legal tender for all settlements in Zimbabwe. Any billing for services in foreign currencies can be done in accordance with the law and if exempted in terms of the foreign Exchange Control Regulations.

Government directives must be followed to the latter. Any disregard should be dealt with decisively. The move by the City of Harare is meant to sway the vote ahead of the general elections due on the 23rd of August 2023.

Leave a Reply

Your email address will not be published. Required fields are marked *

Minister of Industry and Commerce Dr Sithembiso Nyoni (second from left) shares insights with Secretary for Industry and Commerce Dr Mavis Sibanda (centre) and National Foods chief executive officer Michael Lashbrook (right) during a tour of the manufacturing company on Wednesday.

NatFoods adequately stocked, but worried about El Niño

National Foods said it has enough raw materials including maize, soya bean, wheat, and traditional grains for the next six months, but expressed concerns about the El Niñoweather pattern which could negatively impact the 2023–24 agriculture season. NatFoods is one of Zimbabwe’s largest food manufacturers and produces a broad range of food commodities including maize […]

Read More
Mr Tommy Sithole

Zimpapers records 59pc revenue growth

ZIMBABWE’S biggest diversified media group, Zimbabwe Newspapers (1980) Limited’s revenue increased by 59 percent to $40,7 billion in the first six months of the year with all units posting improved revenues and registering 8,4 million visitors to the group’s websites. The group chairman, Mr Tommy Sithole said the media group will seek to capitalise on […]

Read More
Zimbabwe National Industrial Development

World Tourism Day marked amid boom

THE manufacturing sector is envisaged to register at least two percent and three percent growth rate per annum and sector investment respectively by 2030 on top of increased manufactured exports of 10 per annum, the new Zimbabwe National Industrial Development that is set to play a vital role in Zimbabwe’s pursuit of economic prosperity by […]

Read More