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Labrish
Nyuuz
ZERA Says Selling Fuel in ZiG Is Suicidal
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[QUOTE="Munyaradzi Mafaro, post: 41190, member: 636"] Zimbabwe's energy watchdog sounds alarm bells about fuel sales changing to local money. The Zimbabwe Energy Regulatory Authority says selling petrol and diesel using ZiG currency would crash the market. Boss Edington Mazambani warns the country lacks enough foreign cash reserves. He fears fuel shortages could return like those during the 2008 crisis. Keeping fuel sales strictly in US dollars protects Zimbabwe's access to global markets. Many citizens remain doubtful about ZiG currency until it helps their daily struggles. The new money faces heavy criticism since launching earlier this year. Citizens argue government fails to support the currency with real results. Mazambani believes switching currencies would bring back long fuel lines that hurt the nation. Foreign currency sales keep the fuel supply steady and reliable. Social media users shared mixed reactions after Crime Watch Zimbabwe posted the story. Some people agreed with the warning about ZiG being weak for fuel purchases. Others questioned whether ZERA officials should comment about foreign reserves. Several users accused authorities of protecting business interests over public needs. One person suggested ZiG fuel sales might actually boost confidence if done properly. [/QUOTE]
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ZERA Says Selling Fuel in ZiG Is Suicidal
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