Gideon Gono

Foreign exchange reforms in Zimbabwe

The Central Bank of Zimbabwe is planning to provide a certain number of licenses to retailers enabling them to trade goods on foreign currency. Such act is proposed to improve the situation in the country experiencing a recession for almost a decade. It is planned to provide 250 wholesalers and 1000 retailers with corresponding licenses for the trial period of 18 month says the Governor Gideon Gono. The purpose is to decrease shortages of basic goods but not the will to “dollarize” the economy of the country.

Syndicate content