Page 15 - ஒன்றுபட்டது மாநிலங்களில் டாலர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Govt to whip business over price increases…Parly demands names of forex abusers Robin Muchetu, Senior Reporter THE Government will soon meet the business sector to understand the rationale behind a spate of price increases in both local and foreign currency that are threatening to reverse economic gains made so far. Some unscrupulous businesses responded to the Government’s announcement of Statutory Instrument 127 of 2021 by effecting price changes that have eroded most people’s incomes. The SI was introduced to plug abuse of foreign currency that companies were sourcing from the Reserve Bank Foreign Currency Auction system. Among other issues, the SI states that businesses can now be fined for issuing local currency receipt for goods purchased in foreign currency, pricing goods and services above the ruling exchange rate, pricing of goods only in foreign currency and using the money obtained from the auction for other purposes other than what the supporting invoices on the

United statesClemence chiduwaDenford mutashuRobin muchetuMthuli ncubeBank foreign currency auctionConfederation of zimbabwe retailers associationEconomic developmentStatutory instrumentReserve bank foreign currency auctionSunday newsUnited states dollarZimbabwe retailers associationFinance ministryMinister hon clemence chiduwaConsumer rights