The removal of the IMTT would cost Treasury about ZWL$1,6 billion daily. In the first half of the year, this tax head brought in revenue of about ZWL$288 billion. The push to tap into the informal sector comes as the central bank data showed that US$1,6 billion was in nostro accoun...
(FCAs) that are equal to or more than the bid amount. This requirement disqualifies the group’s Zimbabwean operation from bidding because of daily USD sales inflows into its FCAs, which makes the auction rate inaccessible, and therefore fails to meet the accessibility criteria required by IAS ...
Bureaux de change and their agents are also required to report their activities of the inter-bank on a daily basis to the central bank. However, it had never been made clear at what margins financial institutions and Bureaux de Change could trade in terms of the official rate. Officia...