Wednesday, 15 May 2024

FOREX BLITZ IN FULL SWING, SAYS MINISTER

Finance Minister, Professor Mthuli Ncube says the blitz against illegal foreign currency deals will continue.

To date 224 illegal money changers have been arrested and 90 bank accounts frozen. Prof Ncube told MPs that the government was pushing hard for the ZiG to be accepted as a transacting currency.

“The second issue is to create super demand for the ZiG and we will soon be announcing which taxes that would be paid exclusively in ZiG.”

Prof Ncube said  Zimbabweans had to safeguard the value of the ZiG as it was a vital component in the country’s quest to achieve its development objective of becoming an empowered upper middle-income economy by 2030.

 

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