daniel chigunwe
Business Writer
The Zimbabwe National Road Administration (Zinara) has reviewed vehicle licence registration fees in Zimbabwe Gold (ZiG) with effect from Friday (27 September) following the devaluation of the local unit by the Reserve Bank of Zimbabwe (RBZ) by 42,55 percent against the US dollar.
The bank devalued the ZiG following weeks of rising black-market rates and market pressure.
In a correspondent issued to banks and bureau de change on Friday the RBZ announced the new exchange rate of ZiG 24.3902 per US dollar. Prior to the adjustment, the currency traded between ZiG 13 and 14 per US dollar.
Zinara immediately reviewed the fees in local currency to reflect the new ZiG rate. The new rates for all vehicles categories are indicated in the post below.
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