ZANU-PF directed Zimbabwe's government on Sunday to eliminate the Intermediated Money Transfer Tax and strengthen the ZiG currency through enhanced durability and security features. Secretary for Legal Affairs Cde Ziyambi Ziyambi announced resolutions from the 22nd Annual National People's Conference in Mutare and called for reduced banking fees to promote financial inclusion. The party instructed officials to maintain ZiG as the sole legal tender for domestic transactions and expand currency circulation across all denominations.
The government levies the 2 percent tax on electronic transfers through mobile money platforms, bank transfers, and point-of-sale payments. ZANU-PF officials stated the changes would make ZiG more accessible for financial transactions and safeguard monetary stability.
The government levies the 2 percent tax on electronic transfers through mobile money platforms, bank transfers, and point-of-sale payments. ZANU-PF officials stated the changes would make ZiG more accessible for financial transactions and safeguard monetary stability.
