{"id":78052,"date":"2023-05-20T20:34:19","date_gmt":"2023-05-20T18:34:19","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/economy-has-dollarised-cross-border-traders-2"},"modified":"2023-05-20T20:34:19","modified_gmt":"2023-05-20T18:34:19","slug":"economy-has-dollarised-cross-border-traders-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/economy-has-dollarised-cross-border-traders-2","title":{"rendered":"Economy has dollarised – Cross Border Traders"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>CROSS border traders yesterday say a move by government to lift an import ban on basic commodities will boost their business, but pointed out that they were not to stabilise the local currency.<\/p>\n

Instead, Cross Border Traders Association president, Killer Zivhu, said government must admit that the economy has self-dollarised as seen in most service providers rejecting the local currency.<\/p>\n

Prices of basic commodities have been skyrocketing as the local currency continues on its free fall, but government accused businesses of sabotage and opened the borders in response.<\/p>\n

\u201cIn the next three months we will make sure that everything (pricing) has normalised,\u201d Zivhu said yesterday.<\/p>\n

\u201cWe have requested more than US$100 million from financial instructions and they are willing to help us and our 3 million members across the country to import the basic goods.<\/p>\n

\u201cWe have put in place measures where there will be open markets which will be done in all our districts in the country so that those who are in rural areas can have access to order affordable products in their respective areas.\u201d<\/p>\n

Zivhu however said the economy was self-dollarising.<\/p>\n

\u201cIf you go to the major supermarkets, they will tell you that their swipe machines are not working. Dollarisation has already taken place informally but formally people are just pretending that the big supermarkets are running away from the local currency,\u201d he said.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. CROSS border traders yesterday say a move by government to lift an import ban on basic commodities will boost their business, but pointed out that they were not to stabilise the local currency. Instead, Cross Border Traders Association president, Killer Zivhu, said government must admit that the economy has self-dollarised as seen […]<\/p>\n","protected":false},"author":84,"featured_media":78051,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":["post-78052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nEconomy has dollarised - Cross Border Traders - zimbabwe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/economy-has-dollarised-cross-border-traders-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy has dollarised - Cross Border Traders\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Zimbabwe. CROSS border traders yesterday say a move by government to lift an import ban on basic commodities will boost their business, but pointed out that they were not to stabilise the local currency. 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CROSS border traders yesterday say a move by government to lift an import ban on basic commodities will boost their business, but pointed out that they were not to stabilise the local currency. 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