The Reserve Bank of Zimbabwe has issued a stern warning to entrepreneurs against selling goods using a multi-tier pricing system. About four pricing systems have emerged in Zimbabwe due to a foreign currency crisis that has affected most businesses. There are prices for the Real Time Gross Settlement system; others for mobile payment platforms, and prices for U.S. dollars and bond notes. Bond notes were introduced in November by the RBZ to fund a five percent export incentive, but they have recently become the medium of exchange after US dollar stocks diminished to precarious levels.
TagsAfrica News CGTN Africa Reserve Bank of Zimbabwe entrepreneurs RBZ Real Time Gross Settlement