• Home
  • Safari Areas
    • Hwange
    • Matusadona
    • Mana Pools
    • Matobo
    • Gonarezhou
    • Victoria Falls >
      • Activities
      • Birding
  • Safaris
    • Best of Zimbabwe
    • Ultimate Zimbabwe
    • Mana Pools Odyssey
    • Classic Zimbabwe Safari
    • Birding Safaris
  • Accommodation
    • Hwange Lodges >
      • The Hide
      • Somalisa Camp
      • Davison's Camp
      • Camp Hwange
      • Bomani Tented Camp
      • Camelthorn Lodge
      • Little Makololo
      • Iganyana Tented Camp
      • Nehimba Lodge
      • Jozibanini Camp
    • Matusadona Lodges >
      • Changa Safari Camp
      • Bumi Hills Safari Lodge
      • Musango Safari Camp
    • Mana Pools Lodges >
      • Ruckomechi Camp
      • Kanga Camp
      • Zambezi Expeditions Camp
      • John's Camp
    • Matobo Lodges >
      • Camp Amalinda
      • Big Cave Camp
    • Gonarezhou Lodges >
      • Chilo Gorge Safari Lodge
    • Victoria Falls Lodges >
      • The Victoria Falls Hotel
      • Ilala Lodge
      • Batonka Guest Lodge
      • Bayete Guest Lodge
      • Sprayview Hotel
      • Victoria Falls Safari Lodge
      • Lokuthula Lodges
      • Victoria Falls Safari Suites
      • The Elephant Camp
      • Old Drift Lodge
      • Stanley and Livingstone
      • Victoria Falls River Lodge
  • About Zimbabwe
    • Geography >
      • The Victoria Falls
    • Climate
  • Blog
  • Contact
Venture To Zimbabwe

Blog - News and updates

Zimbabwe currency news/ update

26/6/2019

0 Comments

 
For those keen on visiting Zimbabwe (even if just to Victoria Falls) you may have seen in the news reference to the Reserve Bank of Zimbabwe's new rules regarding what is legal tender in that country.

Zimbabwe, of recent years, has been beset with issues regarding their currency, and has been using US Dollars in most cases for all transactions. However as of 24 June 2019 the Zimbabwe dollar is once again the sole currency for legal tender purposes (through Statutory Instrument (SI) 142 of 2019.

The wording inferred that NO OTHER currency was therefore acceptable for use in Zimbabwe. This is NOT THE CASE. In order to clarify: (SI) 142 of 2019, while re-introducing the Zimbabwe dollar as legal tender, does not preclude or ban or outlaw the use of other international currencies (such as US$, Euro, UK Pound, RSA Rand, Aus $ and so forth) in Zimbabwe for settlement of services such as  Tourism, customs duty on specific imports etc.

Therefore all international visitors to Zimbabwe can still settle for visas, accommodation, flights, excursions, meals, drinks and any related expenses in the same international currencies as before.

Understandably, Tourism is, one of the surest ways for the government to receive foreign currency and they are not tempering with its capacity to bring in much needed foreign funds.

Therefore (SI) 142 of 2019, is primarily targeted at domestic trade by Zimbabweans patronizing local businesses where the government would like for the Zimbabwe dollar to be the sole legal tender thus preserving the scarce foreign exchange for importation of essentials such as medication, fuel, technology and so forth.

The intervention sought by (SI 142 of 2019) is no different in intent to that of any other economy where the local citizenry uses a local currency for daily internal transactions.

In conclusion, Zimbabwe is still very much open for business and is working to get up to date with the IMF recommendations.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Janice Campbell has been involved in African Safaris for 26 years

    Archives

    January 2024
    June 2023
    December 2022
    July 2022
    May 2022
    March 2022
    June 2021
    November 2020
    March 2020
    February 2020
    December 2019
    November 2019
    July 2019
    June 2019
    February 2018
    June 2017
    March 2017
    January 2017
    November 2016
    October 2016
    January 2016

    Categories

    All
    Access
    Activities
    Conservation
    Lodges
    Park Fees
    Seasons
    Tourism

    RSS Feed

Home
Safari Areas
Safaris
Accommodation
About
Contact
Blog

SATSA Logo
By Campbell's African Safari Ventures (Pty) Ltd T/A Venture To Africa
  • Home
  • Safari Areas
    • Hwange
    • Matusadona
    • Mana Pools
    • Matobo
    • Gonarezhou
    • Victoria Falls >
      • Activities
      • Birding
  • Safaris
    • Best of Zimbabwe
    • Ultimate Zimbabwe
    • Mana Pools Odyssey
    • Classic Zimbabwe Safari
    • Birding Safaris
  • Accommodation
    • Hwange Lodges >
      • The Hide
      • Somalisa Camp
      • Davison's Camp
      • Camp Hwange
      • Bomani Tented Camp
      • Camelthorn Lodge
      • Little Makololo
      • Iganyana Tented Camp
      • Nehimba Lodge
      • Jozibanini Camp
    • Matusadona Lodges >
      • Changa Safari Camp
      • Bumi Hills Safari Lodge
      • Musango Safari Camp
    • Mana Pools Lodges >
      • Ruckomechi Camp
      • Kanga Camp
      • Zambezi Expeditions Camp
      • John's Camp
    • Matobo Lodges >
      • Camp Amalinda
      • Big Cave Camp
    • Gonarezhou Lodges >
      • Chilo Gorge Safari Lodge
    • Victoria Falls Lodges >
      • The Victoria Falls Hotel
      • Ilala Lodge
      • Batonka Guest Lodge
      • Bayete Guest Lodge
      • Sprayview Hotel
      • Victoria Falls Safari Lodge
      • Lokuthula Lodges
      • Victoria Falls Safari Suites
      • The Elephant Camp
      • Old Drift Lodge
      • Stanley and Livingstone
      • Victoria Falls River Lodge
  • About Zimbabwe
    • Geography >
      • The Victoria Falls
    • Climate
  • Blog
  • Contact