Zimbabwe lifts requirement for businesses to price goods at official exchange rate

Zimbabwe ends fixed exchange rate on businesses to avert retail sector collapse – Nehanda Radio

HARARE - Facing a struggling retail sector crippled by a law forcing them to use unfavorable official exchange rates, the Zimbabwean government has repealed the restrictive Statutory Instrument 81A of 2024. The post Zimbabwe ends fixed exchange rate on businesses to avert retail sector collapse appeared first on Nehanda Radio.

Zimbabwe lifts requirement for businesses to price goods at official exchange rate

Relief … Large retailers like Pick n Pay are welcoming reforms to regulations which controlled pricing HARARE – The Zimbabwe government on Wednesday unexpectedly repealed regulations forcing businesses to use the official exchange rate when selling their goods and services. Large retailers had long complained that the regulations meant their US dollar prices were uncompetitive as consumers turned to the unregulated informal market. Finance mini…

EU commends government as it repeals restrictive forex pricing requirements

Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube yesterday repealed Statutory Instrument 81A of 2024, which imposed restrictive foreign exchange pricing requirements on formal businesses, compelling them to use the official exchange rate. The repealed law according to European Union Ambassador to Zimbabwe Jobst von Kirchmann put formal businesses at a disadvantage relative […] The post EU commends government as it …

Zimbabwe lifts requirement for businesses to price goods at official exchange rate - Zimbabwe News Now

HARARE – The Zimbabwe government on Wednesday unexpectedly repealed regulations forcing businesses to use the official exchange rate when selling their goods and services. Large retailers had long complained that the regulations meant their US dollar prices were uncompetitive as consumers turned to the unregulated informal market. Finance minister Mthuli Ncube, in a government gazette, issued Statutory Instrument 34 of 2025 repealing Statutory I…

Exchange rate controls scrapped in major shift to market pricing - Zimbabwe Situation

Source: The Herald – Breaking news. Through Statutory Instrument 34 of 2025, Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has repealed the previous law that restricted businesses to the official exchange rate when pricing goods and services. Business Reporters ZIMBABWEAN businesses now have greater pricing flexibility, thanks to a more stable local currency and the scrapping of exchange rate control…