Prices or cars are likely to shoot through the roof after government on Friday introduced regulations forcing importers to pay 50 percent of duty in hard currency.
In a notice in the Government Gazette last Friday, Finance Minister Mthuli Ncube said the balance would be paid in local currency at the inter-bank rate.
Government departments will however continue to pay full duty in local currency.
The move is part of measures Ncube has introduced in a bid to force citizens to adopt the use of the floundering Zimbabwe Dollar reeling from parallel market rates that have rendered it almost worthless since re-introduction a few years ago.
This move is also known as Statutory Instrument 72A of 2022 an amendment of Statutory Instrument 25 (2a) of 2018.
In June 2019 government scrapped the multi-currency regime that had been in use since 2009.
Inflation however has continued to erode the value of the local currency stoking fears the hyperinflationary era that led to the collapse of the currency in 2008 may return.
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