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The Zimbabwe Congress of Trade Unions (ZCTU) has called for government to take action on businesses that are not implementing the dual pricing system when trading.
The act has been disadvantaging customers who are being subjected to different rates on goods and services which will not be the official one.
Government in July introduced a dual pricing policy which compels businesses to display prices in both the Zimbabwean dollar and foreign currency as per the official rate.
However , businesses have not being complying, while some traders sell using their own rate.
In a statement Secretary General Jasphet Moyo of the ZCTU condemned the act and called on government to take action.
“The ZCTU has noted with concern that some businesses are refusing to stick to the rules of the game by continuously flouting directives to use the official exchange rate in the pricing of products and services,”
“Some are even refusing to display both prices in RTGS and United States dollars as required by the law. In cases where these prices are displayed, one wonders what sort of rate they would be using.”
“We urge government to look into how business is operating at the moment with the aim of weeding out the malpractices that we believe are prejudicing both the consumer and the fiscus,” Moyo said.
Businesses across the country have been taking advantage of the economic situation , were the local currency keeps loosing value against the USD dollar.
The economy is slowly re -dollarising with USD pricing outweighing those in local currency.
Various informal traders now peg their prices in forex using the black market rate.
The recent forex auction conducted on Tuesday pegs the official rate at ZWL$$81.3486, most traders will not comply but ,rather use a rate of their own.
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