Former Minister of Finance, Tendai Biti claims that the Zimbabwean economy has resisted de-dollarisation through Statutory Instrument 142/2019.
Biti asserted that transactions are openly being done using foreign currency even by government ministers, permanent secretaries and bureaucrats. He said:
The attempt to de-dollarise the economy through SI 142/2019 like everything else down by this illegitimate regime is a blatant failure that the economy has resisted.
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Transactions are openly in US dollars and if not the local price is bank rated so prices have shot up with no taxes being paid.
At a very popular liquor outlet in Newlands, Harare East, government ministers, permanent secretaries and bureaucrats are openly purchasing large quantities of alcohol in US$. The hypocrisy escapes me!