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Wireless

Econet Zimbabwe seeks approval to accept US dollar payments

Tuesday 8 December 2020 | 10:49 CET | News
Econet Wireless Zimbabwe is seeking permission to take payments in foreign currency for some of its products, The Herald reported. In March, the government allowed the use of foreign currency for local transactions through Statutory Instrument (SI) 85 of 2020. The use of foreign currency for local transactions has been welcomed by businesses, which say this has enhanced liquidity while also reducing foreign exchange risks, although there has been some stability from the re-introduction of the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system on 23 June.

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Categories: Mobile & Wireless
Companies: Econet Wireless
Countries: Zimbabwe
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