FLEA Market operators should stop selling their wares in foreign currency and the Reserve Bank of Zimbabwe is the only institution mandated to grant such authority, Small to Medium Enterprise Minister, Cde Sithembiso Nyoni said on Friday. Cde Nyoni?s comments were triggered by widespread reports that majority of flea market operators in Bulawayo were now selling some of their ware in foreign currency to locals. Speaking in a telephone interview on Friday, Cde Nyoni said business people needed RBZ authority to charge their products in hard currency. Most of the vendors said they had opted to charge their goods in foreign currency to cushion themselves against the instability of the local currency and galloping inflation. We still accept the local currency from our customers as long as they pay us the equivalent to whatever the charge is in foreign currency,? said another vendor who declined to be disclosed. Various goods including baby wear, clothes, shoes and electric gadgets are on sale in foreign currency at a number of flea markets in Bulawayo. read more
[Tags]currency, foreign, charge, bulawayo, cde, flea, forex news[/Tags]
