I was joined yet again by Economist and former member of the Reserve Bank of Zimbabwe’s Monetary Policy Committee Eddie Cross to talk about financing a nation, tax collection and administration as well as electronic transactions
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We would like to thank Ranga Mberi from newZWire for his assistance in preparation for this episode
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Former member of the Reserve Bank of Zimbabwe’s MPC Eddie Cross joined us to talk the state of the Economy. The differences in policy from Zimbabwe to Rhodesia as well as if SI 127 still applies to businesses trading out side the forex auction.
If you deposit USD into a local foreign currency account, that money is not covered by the Deposit Protection Corporation (DPC). This means if a bank goes belly up there are few guarantees that your forex could be recovered.
One week after SI 127 and well there are no prizes for anyone. Because experts, pundits and even armchair economists were all right about the effects of the statutory instrument.
ZIMRA recently gave a grace period for the importation of cars that are 10 years or older. Now, this comes after the ban the govt instituted in April 2021 which leads us to believe it’s all about the revenue dip ZIMRA was experiencing on its end.
Zimbabwe’s Cannabis grower’s licence is priced way too high and this is keeping the country from a rapidly expanding and lucrative industry.