Zimbabwe Raises Taxes on e-FX transactions, Stops Lending Services

The President of Zimbabwe, Emmerson Mnangagwa, has implemented an increase in taxes on electronic transactions using foreign currency. This covers both ATM withdrawals and payments made with foreign currency. This move comes in response to the ongoing economic crisis in the country. This year, the Zimbabwean dollar saw a value decline of fifty percent, making … Continue reading Zimbabwe Raises Taxes on e-FX transactions, Stops Lending Services