Zim insurers ask for hard currency from travellers

Zim insurers ask for hard currency from travellers
Insurance_zps84b0c27e

Zimbabwe insurers are asking for hard currency.

LOCAL insurance companies have started asking clients to pay for their travel insurance in United States dollars as Zimbabwe’s foreign currency shortages worsen, it has emerged.
At least seven out of the eight insurance companies surveyed by The Financial Gazette were asking for greenbacks.
NicozDiamond general manager for developments, Gugulethu Ngwenya, recently told an Insurance and Pensions Commission (IPEC) and Zimselector media workshop that the move was being done to ease pressure on the country’s foreign exchange payments.

Read full story in The Financial Gazette paper

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