The Zimbabwe Tourism Authority (ZTA) has assured all visitors to the country that the removal of the multi-currency system from the economy will not affect them.
This comes after Finance and Economic Development Minister, Professor Mthuli Ncube, through Statutory Instrument 142 of 2019, on Monday removed the multi-currency system in Zimbabwe replacing it with a local unit of account (RTGS$/ZWL) for domestic transactions.
In a statement yesterday, the authority said:
The Zimbabwe Tourism Authority would like to assure all visitors to Zimbabwe that the recently promulgated Statutory Instrument 142 of 2019: Reserve Bank of Zimbabwe (Legal Tender) Regulations, 2019 will not negatively affect the travelling public, specifically foreign visitors.
The regulations are meant for any transactions carried out within Zimbabwe, where it is now illegal to use foreign currency in hard cash.
The legal tender shall be the Zimbabwe dollar in both cash and electronic format.
ZTA added that any freely convertible foreign currencies remain acceptable in Zimbabwe as follows:
Credit cards are readily acceptable everywhere in Zimbabwe where the relevant arrangements have been made with the international credit card companies such as Visa, Master Card and others issued by different banks in the countries of origin of the travellers.
Visitors are required to make the necessary arrangements with their banks before embarking on travel and when in the destination they need to look out for the logos of their respective credit cards.
Please note that terms and conditions of the respective credit cards will apply and transactions are subject to the limits given by the banks.
More: The Chronicle
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