Zimbabwe firms struggle with money reports as the government pushes the Zimbabwean currency. First Mutual needs until May 31 to finish its 2024 money papers. Their auditors must review all dollar figures changed to ZiG amounts.
The central bank told all market companies in February to use ZiG for reports right away. Many businesses had switched to US dollars because most people pay with them. The bank claims ZiG deals are growing, but companies find the change hard to manage.
Delta Corporation and other large firms must redo their math despite doing most business in dollars. Auditors need extra time to check these numbers. The bank also cut the amount of foreign cash exporters can keep, causing more problems for businesses that pay bills in dollars.
The central bank told all market companies in February to use ZiG for reports right away. Many businesses had switched to US dollars because most people pay with them. The bank claims ZiG deals are growing, but companies find the change hard to manage.
Delta Corporation and other large firms must redo their math despite doing most business in dollars. Auditors need extra time to check these numbers. The bank also cut the amount of foreign cash exporters can keep, causing more problems for businesses that pay bills in dollars.
