The government has issued in a new currency, which is mostly virtual.
The Zimbabwe Revenue Authority has hiked customs and excise duties by 300 percent, it emerged on Saturday.
“All foreign currency payments then appear on the payment receipt or prepayment receipt as ZW RTGS dollars,” the statement said. With the increase in the customs and excise duty, it will have a ripple effect on the prices of goods. In January, Zimbabweans protested against drastic fuel price hikes announced by President Emmerson Mnangagwa.
An independent policy research organisation this week warned that the country was likely to experience more protests until the government addressed issues of concern to citizens.
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