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ZiG here to stay: VP Chiwenga
PHILLIMON MHLANGA IN BULAWAYO AND LIVINGSTONE MARUFU IN HARARE Vice President Constantino Chiwenga yesterday declared that the Zimbabwe Gold (ZiG), which was introduced early this month, is here to stay and anyone who breaks Exchange Control regulations will be left to rot in prison, Business Times can report. Speaking at the Zimbabwe International Trade Fair in Bulawayo, Vice President Chiwenga also disclosed that currency dealers should be prepared for combat. “ZiG is here…
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Govt intensifies crackdown on forex dealers
LIVINGSTONE MARUFU The government has intensified its campaign against foreign exchange traders in an attempt to crush the thriving parallel market, which the administration of President Emmerson Mnangagwa blames for the downturn in the economy, it has been established. The government gazetted a Statutory Instrument 213 of 2019 that states that trading in any currency, which is not the Zimbabwe dollar, carries a fine of $6000 and failure to pay results in the person involved jailed .…
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Stay the course | Business Times
President Emmerson Mnangagwa’s administration should stay the course with the measures it is is putting in place to address market indiscipline. We implore the government to continue taking bold action against anyone who violates the Exchange Control Regulations, in the wake of the introduction of the Zimbabwe Gold (ZiG) currency. Vice President Constantino Chiwenga yesterday promised to deal with speculators saying ZiG was here to stay and anyone who breaks Exchange Control regulations will be…
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