<-bsp-bb-link state=”{“bbHref”:”bbg://screens/ECST%20ZW”,”_id”:”00000190-3149-d5f2-a594-f76d57e90000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Zimbabwe-bsp-bb-link> plans to introduce regulations that will require businesses to settle a portion of their taxes in ZiG to boost the new bullion-backed currency that’s had a “positive impact” on the economy, the finance minister said.
The “Treasury is stepping up to complement the fiscal and monetary policy framework aimed at further anchoring the currency, exchange rate and price stability,” <-bsp-person state=”{“_id”:”00000190-3149-d5f2-a594-f76d57eb0000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Mthuli Ncube-bsp-person> said in an emailed statement on Wednesday.
Mthuli Ncube, Zimbabwe’s finance minister, speaks during an interview in Harare, Zimbabwe.
Photographer: Cynthia R Matonhodze/Bloomberg
A policy has been in place since 2020 that allowed taxes to be settled in the currency businesses mostly traded in. The new system will specify what ratio of taxes …
