‘US dollar bill payments signal re-dollarisation’

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THE government’s move to force exporters to pay electricity bills in foreign currency is evidence of the economy’s drift towards re-dollarisation, analysts have said.
Statutory Instrument (S.I.) 249 of 2019, which came into effect this month, will see “exclusive and partial exporters” paying electricity bills in hard currency for at least six months.
This is despite government’s recent reintroduction of the Zimbabwe dollar as the “lone currency”, which it has supported with a law that criminalises the use of other currencies in domestic transactions (S.I. 142).