ED Climbs Down, Pledges To Avail Forex To Businesses

The government said that it is putting in place mechanisms to ensure that foreign currency is available for businesses.

Prices of goods and services have been rising exponentially over the past several months as businesses claimed that they source foreign currency on the volatile black market.

Speaking to the media on Tuesday after a Cabinet meeting, Information Minister Monica Mutsvangwa had this to say:

Government is very concerned about price increases and is, therefore, putting in place mechanisms to ensure foreign currency is made available, to the business community to procure all materials for production processes.

This will go a long way to stabilise the availability of foreign currency, which is essential to the stability of prices.

Given this initiative, the government is appealing to businesses to exercise restraint and not increase prices wantonly.

Last week, Vice President Rtd General Constantino Chiwenga warned: “financial terrorists” that they will lose and that the government will win. He said then:

I want to give a stern warning to those practising financial terrorism in the country.

We will react accordingly as Government and nobody should claim that they were not warned. We’ll take very strict measures.

As responsible and patriotic citizens, we should ask ourselves whether our actions are in the best long term interests of the nation?

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More: NewZimbabwe.com

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