News / National
Shops rejecting RTGS
12 Jul 2022 at 16:00hrs | Views
Most shops in Bulawayo have started rejecting the ever-falling RTGS in favour of foreign currency.
A snap survey carried by this publication indicated that most shelves have now pegged their goods in forex.
Most basic commodities at Choppies supermarkets around the city are only accessible using forex.
The past weeks had seen the local currency defaulting to its 2008 settings.
Coupled by policy inconsistencies by the reserve bank, the latest development points to a full dollarisation of the economy.
Yesterday the government banned free duty on all imported juices after Swechpes company had started to demand forex for its products.
A snap survey carried by this publication indicated that most shelves have now pegged their goods in forex.
Most basic commodities at Choppies supermarkets around the city are only accessible using forex.
Coupled by policy inconsistencies by the reserve bank, the latest development points to a full dollarisation of the economy.
Yesterday the government banned free duty on all imported juices after Swechpes company had started to demand forex for its products.
Source - Byo24News
