ZESA Selling Electricity Tokens in USD Only
The Zimbabwe Electricity Supply Authority (ZESA) has announced that its banking halls will be open exclusively for customers looking to purchase electricity tokens in USD currency.
This temporary arrangement is a response to the nation’s transition from the Zimbabwe Dollar (ZWL) to the newly introduced gold-backed ZiG currency.
“The transition to the ZiG currency, announced last Friday, has necessitated a temporary suspension of electricity token sales in the local currency,” explained a ZESA spokesperson.
“To ensure that our customers are not left in the dark during this transitional phase, we have decided to open our banking halls this Sunday for USD transactions.”
ZESA Selling Electricity Tokens in USD Only
This move comes after a period of confusion and inconvenience for customers, as the sudden shift in currency caught many off guard.
“We understand the frustration this may cause, and we are doing everything in our power to accommodate our customers during this time,” the spokesperson added.
For those who cannot make it to the banking halls, ZESA assures that USD transactions can still be processed through online vending platforms.
“We are aware that not everyone will be able to visit our banking halls, so we have ensured that our online platforms are equipped to handle USD transactions efficiently,” the spokesperson said.
The switch to the ZiG currency is part of a broader economic strategy by the Zimbabwean government to stabilize the economy and reduce reliance on foreign currencies.
However, the abrupt nature of the transition has raised concerns among consumers and businesses alike.
Economic analysts are closely watching the situation, noting that the success of the currency switch will depend on the government’s ability to manage the transition smoothly and maintain public confidence in the new currency.
