Zimbabwe Miners Told to Pay Utility Bills in Foreign Currency
- Instruction comes after government outlawed dollars as tender
- Authorities to suspend duty on imports of solar equipment
Photographer: Waldo Swiegers/Bloomberg
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Mining companies in Zimbabwe will have to use foreign currency to pay for power but can make their own arrangements for imports from foreign suppliers, the country’s energy minister said.
The order comes just weeks after the government outlawed foreign currency as legal tender and officially reintroduced the Zimbabwean dollar a decade after it was wiped out by hyperinflation. Units like the dollar and South Africa’s rand had been considered valid currency since 2009.