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Zimbabwe to allow goods to be sold in foreign money
Reuters
September 10, 2008
http://uk.reuters.com/article/oilRpt/idUKJAT00379820080910
Zimbabwe will
license 1,000 retailers and 200 wholesalers to sell goods in foreign
currency to ease shortages and clamp down on a thriving currency
black market, central bank Governor Gideon Gono said on Wednesday.
"With immediate
effect there will be foreign currency licenced warehouses and shops
and we are doing this for an initial period of 18 months, as an
experiment," he told reporters.
Motorists would also
be allowed to buy fuel in foreign exchange, he said. The most used
foreign currency in Zimbabwe are the South African rand and U.S.
dollar.
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