ZESA payments will continue to be made in local currency

Online reporter

The Ministry of Finance and Economic Development has announced that ZESA payments by non-exporters will continue to be made in local currency.

“All Government Agencies including Parastatals will continue to collect their fees in local currency,” said the ministry in a statement.

The ministry said this was a move to urge promotion of use of the domestic currency.

The Ministry also revealed that the Reserve Bank will continue with the issuance of Non-Negotiable Certificates of deposits (NNCDs) in order to mop up excess liquidity.

“The Government remains fully committed to the maintenance of macro-economic stability and will continue to revive the purchasing power of the Zimbabwe dollar and the restoration of trust and confidence.”