The Analysis Of The Impact Of Statutory Instrument 81a Of 2024 On Business And National Competitiveness - National Competitiveness Commission

The Analysis Of The Impact Of Statutory Instrument 81a Of 2024 On Business And National Competitiveness

The Minister of Finance, Economic Development and Investment Promotion amended the Exchange Control Act [Chapter 9:23] by inserting a rule that prohibits businesses in Zimbabwe from using any rate other than the interbank rate when setting their prices.

The amendment was done through Statutory Instrument (SI) 81A Exchange Control (Amendment of Schedule to Exchange Control Act) Notice, 2024, gazetted on Thursday, 09 May.

The SI introduces significant changes to the Exchange Control Act. The main provision is the regulation of exchange rates at which goods and services can be offered by sellers, with strict penalties for non-compliance.

File Type: pdf
Categories: Analysis Report


This website uses cookies and asks your personal data to enhance your browsing experience. We are committed to protecting your privacy and ensuring your data is handled in compliance with the General Data Protection Regulation (GDPR).