Mupfumira urges miners to embrace local currency.
The Minister of Environment, Hon Priscilla Mupfumira has urged miners to support the government by embracing the Zimbabwean dollar for all local transactions and drop their ideas about the USD which is destructive for the growth of the economy of Zimbabwe.
By Rudairo Mapuranga
Speaking at the Environmental Impact Assessment launch, the honourable minister said that prices of goods and services are going to be reduced, this will have a positive impact on the miner’s operations.
“Prices are going to decrease, the black mining forex trade has lost control of igniting inflation, this will have a positive change on the country’s production sector,” she said.
Mupfumira also discouraged miners from thinking in the United States currency as the currency is not ours but America’s. She said miners should thank the president and the finance minister for taking this step of introducing a local currency to support local transactions.
” the USD is from America, let us embrace the government decision, let us thank the president and the minister of finance,” she said.
The call by Mupfumira has come after miners were reportedly advocating that they should receive all their money in foreign currency since almost 90 per cent and above of their operations require foreign currency.