JUST-IN: Where did you get the forex?

Zvamaida Murwira

Senior Reporter

Importers of goods who fail to declare their source of foreign currency at entry points now risk forfeiture of their wares to the State as part of Government measures to combat the parallel market activities, an official has said.

Finance and Economic Development Deputy Minister Clemence Chiduwa said Government was working on how to implement the policy which he said would encourage people to use their nostro accounts in commercial banks.

Deputy Minister Chiduwa said this while fielding questions from journalists today during a media briefing that was convened by Finance and Economic Development Minister Professor Mthuli Ncube meant to unpack the 2020 National Budget which the Minister presented in Parliament last week.

More to follow…

Related Posts

‘Munhumutapa legacy informs the present’ . . . Courage, innovation, hard work and self-determination our key attributes

Nyore Madzianike-Senior Reporter The rich history of the great Munhumutapa Empire symbolises Zimbabwe’s identity and capacity to govern itself, with the Second Republic mirroring the administration and organisational structures of…

Do your best always, President rallies youth

Joseph Madzimure-Zimpapers Reporter President Mnangagwa has called upon the youth never to  settle for average, but to work hard and make clean money, following in the footsteps of the innovative…

Leave a Reply

Your email address will not be published. Required fields are marked *