Zimbabwe's Reserve Bank Warns Retailers To Stop Using Multi-pricing System
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Zimbabwe's Reserve Bank Warns Retailers To Stop Using Multi-pricing System

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Added by Headlines Africa in Zimbabwe
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The Reserve Bank of Zimbabwe has issued a stern warning to entrepreneurs against selling goods using a multi-tier pricing system. About four pricing systems have emerged in Zimbabwe due to a foreign currency crisis that has affected most businesses. There are prices for the Real Time Gross Settlement system; others for mobile payment platforms, and prices for U.S. dollars and bond notes. Bond notes were introduced in November by the RBZ to fund a five percent export incentive, but they have recently become the medium of exchange after US dollar stocks diminished to precarious levels.

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