Law To Compel Businesses Who Receive Forex From Govt To Charge In Bond Notes Being Crafted- Mnangagwa

President Emmerson Mnangagwa said Government is crafting a law that compels business people who receive foreign currency allocation from Treasury to charge their products in bond notes.

He said this while addressing traditional chiefs during the official opening of the 2018 Annual Chiefs Conference in Kadoma. Said Mnangagwa:

…On the other hand they come to queue for foreign currency at the Reserve Bank to buy these drugs from other countries and yet they want to charge people in foreign currency. We said whoever does that, we revoke their licence and they reverted to the local currency. We are now crafting a law that ensures that all products purchased from outside the country using foreign currency from Treasury should not be charged in foreign currency.

More: Chronicle

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