Thread by @shingaiRndoro

I fully support this latest SI. I will explain why.

@MthuliNcube @GGuvamatanga @czionline @tatenda_jemwa @ZEPARU1 @kudzie_sharara @ZimTreasury @baba_nyenyedzi

1. There has been stability of the local currency.
2. Big corporates are getting FX from the FX auction market & SMEs are buying from banks.
3. This means by displaying the dual prices, customers can see what rate is being used.

I will share a sad experience of mine below.

Went 2 an SME Indian-owned shop 4 some items. Pricing was dual but at a rate of 120 if it’s in LX. I told him that the rate was 105.He said I shld go&buy the forex&come back 2 pay in USDs.

I did that using Ecocash& then went back into the shop&bought the goods.

This is WRONG!

Let the traders use the correct rate & then convert their own local currency into USDs.

Why should customers be made to buy using high rates higher then the prevailing parallel rate?

Why are these SMEs not buying FX from banks at auction rate?

ROBBERY!