Earlier this year, The Reserve Bank of Zimbabwe Governor John Mangudya announced that the Zanu-PF controlled government was set to put in place measures to stop curb the multi-tier pricing system (also known as 3 tier pricing) that is prevalent in doing transactions in the country. The Bill easily sailed through parliament and now awaits the Senate’s approval.
Multi-tier pricing system illegality stems from the fact that bond notes and electronic transfers are being devalued and the US dollar is being sold at a premium. Subsequently, this is creating instability and unpredictability in the day-to-day conduction of …read more
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