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Government to penalise Forex Rate Violators

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The government as deployed teams across the provinces that will monitor that shops sell their products at the official exchange rate and also to make sure they are not selling substandard products.


Speaking in the senate Industry and Commerce Minister Sekai Nzenza said her Ministry has deployed teams across the country to ensure that shops sell products on official exchange rate and those found on wrong side of the law will be penalised.


“If the official rate of the day is ZW$90 and other are offering ZW$120 that is against the law, but this monitoring group that I have mentioned is going around the provinces,” said Minister Nzenza


“The team can just approach any shop without notice. They will be having their own 500ml to see if those in the shop are really 500ml So , this group is in all provinces and they are giving us reports of what is happening .It is true that there shopkeepers that are doing that dubious act,” she said


She further emphasized that the government is serious about this move, if they find such acts going on, they go to that particular shop and deal with the culprits.

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