Industry calls for dialogue on externalisation

Industry calls for dialogue on externalisation

externalised funds

CAPTAINS of industry and commerce have called for dialogue over accusations of foreign currency externalisation by government, which resulted in the publication of a name and shame list three weeks ago.
President Emmerson Mnangagwa’s government published the list of 1 844 alleged externalisers, which included mostly corporate organisations and a handful of individuals. The President’s list has, however, triggered debate on what constitutes externalisation in Zimbabwe’s context, considering that the country has formalised the use of foreign currencies, including the United States dollar and the South African rand.

Read full story in The Financial Gazette paper

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