Business NewsBits

Mid Term Budget Review by Mthuli Ncube, Zim Dollar to Stay

Zim Talks TV
Written by Zim Talks TV

In Presenting his Midterm Budget Review statement in Harare Thursday afternoon, Finance and Economic Development Minister, Prof. Mthuli Ncube repeatedly emphasized his stance that the Zimbabwe Dollar remains the only legal tender in Zimbabwe.

However, fees on services provided to foreign registered businesses will be collected in foreign currency.

He said:

For the avoidance of doubt, the only legal tender in the country is the Zimbabwean Dollar as pronounced through Statutory Instrument 142 of 2019, unless exemptions were specified therein.

Fees and charges on services provided to foreign registered businesses such as airlines flying into Zimbabwe and haulage trucks transiting through Zimbabwe and services that include passports provided by the country’s foreign missions will also be collected in foreign currency.


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