Page 4 - Temporary Measures News Today

CHAOS in the market including refusal by banks to lend money in ZWL and US$ prompted the enactment of Statutory Instrument 218 of 2023, which effectively extended the use of the multiple currency system to December 2030. Presenting at this year’s pre-budget seminar, held under the theme ‘Consolidating Economic Transformation’, in Mount Hampden, Minister for Economic…

A week ago, Mnangagwa reserved to his office 13 laws, including the Sovereign Wealth Fund (SWF) Act, through Statutory Instrument (SI) 189 of 2023.

Industry and Commerce Minister, Sithembiso Nyoni, attributed the current high pricing in US dollars to Statutory Instrument (SI) 118A of 2022.SI 118A, enacted u...

Last month, the Zimbabwe National Statistics Agency reported that 80% of transactions were now in US dollars.

In a recent and significant move, President Emmerson Mnangagwa of the Republic of Zimbabwe has taken direct control over 13 critical Acts (laws). These Acts, including the Anti-Corruption Commission Act, Interception of Communications Act, and the Sovereign Wealth Fund Act, have been placed under the personal administration of the President. https://twitter.com/ZimEye/status/1715564460490813657?t=oH1KWwwXONRiPmkdgYfmLg&s=19 This development is outlined…

By A Correspondent- President Emmerson Mnangagwa said that Zimbabwe will revert to the use of the local currency as the sole legal tender and dump the multi-currency regime to accelerate economic growth. According to Statutory Instrument (SI) 118A of 2022, the local currency and a basket of foreign currencies shall be in use until December…

President Mnangagwa has declared that Zimbabwe is poised to shift back to employing its local currency as the exclusive legal tender, abolishing the multi-curre...

PRESIDENT Mnangagwa has said the country will revert to the exclusive use of the local currency as the sole legal tender and ditch the multi-currency regime as no country can develop without its own currency. During his swearing-in ceremony for the second term, President Mnangagwa said the country will continue to put in place measures…

He has challenged the constitutional provision which allows the President to enact laws without the approval of Parliament.

He has challenged the constitutional provision which allows the President to enact laws without the approval of Parliament.