By 
By Tarisai Mudahondo
The OK Zimbabwe Limited has welcomed the move by the Reserve Bank of Zimbabwe (RBZ) to scrap the 10% limit on the exchange rates saying that such a move will go a long way to spur the group’s recovery.
The welcome remarks on the latest development came out at the OK Zimbabwe 22nd Annual General Meeting held last Friday.
“OK Zimbabwe welcomes the move by the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee’s recommendations to remove the 10% limit on the exchange rate used by formal retailers and removal of IMTT on bank card transactions. This will go a long way to spur our recovery growth.
“We await the promulgation of the necessary legal instruments to effect these positive changes,” it was announced.
The retailer also welcomed the move by the government to extend the multi-currency system to 2030 because the certainty of the currency system will aid in renewing market confidence.
Comments