Forex crisis causes mayhem – Nehanda Radio | Breaking News #forex #money #market

Forex crisis causes mayhem – Nehanda Radio | Breaking News #forex #money #market



Forex crisis causes mayhem – Nehanda Radio | Breaking News

Forex crisis causes mayhem – Nehanda Radio | Breaking News

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Forex crisis causes mayhem – Nehanda Radio | Breaking News

By Farayi Machamire and Jeffrey Muvundusi Contraditions in the implementation of the controversial two percent tax have further fuelled an already volatile economic crisis, with companies responding by either closing shop or increasing commodity prices. Professor Mthuli Ncube The inconsistencies follow austerity measures introduced by Finance minister Mthuli Ncube on October 15. Ncube shook the market when he reviewed the Intermediated Money Transfer Tax from five cents per transaction to two cents per dollar, effective October 15. He later toned down the tax a few days later following outrage from members of the public and business. On Tuesday, Vice President Kembo Mohadi turned the tables, insisting government was yet to implement the two percent tax. Ncube and President Emmerson Mnangagwa have since issued further statements, separately, to calm the situation. But the varying statements have inadvertently confused the market with prices shooting through the roof; shortages emerging …

#Forex #crisis #causes #mayhem #– #Nehanda #Radio #Breaking #News



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