• About
  • Advertise
  • Privacy & Policy
  • Contact
Sun, Jan 24, 2021
Zim Trending
  • Home
  • Top Stories
  • Breaking NewsHot
  • Entertainment
  • Business
  • Education
  • JobsLatest
  • Scholarships
  • Crime
  • Celebs
No Result
View All Result
  • Home
  • Top Stories
  • Breaking NewsHot
  • Entertainment
  • Business
  • Education
  • JobsLatest
  • Scholarships
  • Crime
  • Celebs
No Result
View All Result
Zim Trending
No Result
View All Result

Its Now a Crime to Quote, Charge or Receive Payments in USD According to new Regulations

Taylor Chiyangwa by Taylor Chiyangwa
28/09/2019
in Business
Reading Time: 1min read
0
charge quote or accept usd payments
677
VIEWS
Share On WhatsAppShare on FacebookShare on TwitterShare On LinkedIn

According to Statutory Instrument 213 of 2019 that has just been gazetted its now a punishable offence for businesses to quote, charge, display or receive payments in USD or any other foreign currency. 

Part of the new Statutory Instrument reads:

In particular, no person shall quote, display, label, solicit for the payment of, receive or pay the price of any goods, services, fee or commission in any currency other than the Zimbabwe Dollar.

quote, charge or receive payments in usd

This will come as a blow to businesses that were quoting and displaying prices in USD but accepting the RTGS equivalent on the day of payment as a way of cushioning themselves against the runaway USD/RTGS exchange rate.  

The only option left will be for these businesses to constantly increase their prices and have quotations that have a few days validity.

What are your thoughts on these measures? Why do you think these have been put in place? Share your thoughts in the comments below.

RelatedPosts

Torn USD Notes In Zimbabwe

Old & Torn USD Notes Are Still Acceptable Says RBZ

22/12/2020
518
Strive Masiyiwa

Strive Masiyiwa Appointed To Netflix Board of Directors

17/12/2020
1.9k
Strive reduces himself to “Simply the largest shareholder of Econet”.

Strive Masiyiwa Named As One Of The 50 Most Influential People In The World

09/12/2020
1k
fuel prices go up again

Fuel Prices Go Up Again Ahead Of The Festive Season

05/12/2020
725

If you want to be added to our WhatsApp broadcast list please save our number +263 775 378 769 and then text ‘Add’ to that WhatsApp number. If you don’t save the number you will not get our broadcasts when we publish new content.

Tags: rbz
SendShareTweetShare
Taylor Chiyangwa

Taylor Chiyangwa

I'm a digital marketing and online entrepreneurship enthusiast. I'm on a mission to change the narrative of #OnlineEntrepreneurship in Africa. I blog at mrtaylor.me and you can get my free e-book on making money online here

Related Posts

Torn USD Notes In Zimbabwe
Business

Old & Torn USD Notes Are Still Acceptable Says RBZ

by Editorial Team
22/12/2020
0
518

The Reserve Bank Of Zimbabwe (RBZ) has released a public statement saying that old and worn USD notes are still...

Read more
Strive Masiyiwa

Strive Masiyiwa Appointed To Netflix Board of Directors

17/12/2020
1.9k
Strive reduces himself to “Simply the largest shareholder of Econet”.

Strive Masiyiwa Named As One Of The 50 Most Influential People In The World

09/12/2020
1k
fuel prices go up again

Fuel Prices Go Up Again Ahead Of The Festive Season

05/12/2020
725
Ecommerce Sales In Africa

 The Growth Of Internet Retailing In Africa in 2020 & Beyond

04/12/2020
149
Business Ideas To Make Money in Zimbabwe

Business Ideas To Make Money in Zimbabwe in 2021 Part 1

04/12/2020
773

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
List of Top 100 Best ‘O’ Level Schools In Zimbabwe (2020)

List of Top 100 Best ‘O’ Level Schools In Zimbabwe (2020)

24/01/2021
Emap System in Zimbabwe

How To Apply For 2021 Form 1 Boarding Places On eMAP

08/01/2021
Provisional Driving Licence Test Possible Questions & Answers

Provisional Driving Licence Test Possible Questions & Answers pdf

06/12/2020
Indian sweets for bedroom use

Indian Bedroom Sweets & Love Portions Floods Harare

13/11/2020
Four Teachers Suspended After Writing Exams For Their Girlfriends.

Just In: Zimsec O’Level 2019 Results Out

6
How To See Zimsec Results Online

How To See Zimsec O Level November 2019 Results Online

4
2020 Zimbabwe Universities Application Forms (Download Now)

2020 Zimbabwe Universities Application Forms (Download Now)

3
Four Teachers Suspended After Writing Exams For Their Girlfriends.

‘O’ Level ZIMSEC Results Now Accessible Online

3
Ignore Lockdown Reports: Mangwana

Lockdown Update:Local Businesses Put On Hold For 30days

02/01/2021
Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

02/01/2021
synthetic Indices

How To Trade Synthetic Indices: A Comprehensive Guide For 2021

01/01/2021
zesa

You Can Now Buy Zesa Using Foreign Currency

22/12/2020

Recent News

Ignore Lockdown Reports: Mangwana

Lockdown Update:Local Businesses Put On Hold For 30days

02/01/2021
738
Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

02/01/2021
1.1k
synthetic Indices

How To Trade Synthetic Indices: A Comprehensive Guide For 2021

01/01/2021
1.9k
zesa

You Can Now Buy Zesa Using Foreign Currency

22/12/2020
761

ZimTrending

For all the trending news for Zimbabweans at home and abroad

Follow Us

Search this site

No Result
View All Result

Partner Websites

www.taydigital.net
www.openclass.co.zw
www.mrtaylor.me

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 Zim Trending If its Trending You WIll Find It Here - Website Developed & Maintained By Tay DIgital.

No Result
View All Result
  • Home
  • Top Stories
  • Breaking News
  • Entertainment
  • Business
  • Education
  • Jobs
  • Scholarships
  • Crime
  • Celebs

© 2021 Zim Trending If its Trending You WIll Find It Here - Website Developed & Maintained By Tay DIgital.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.