Zinara hikes Z$ toll fees

THE Zimbabwe National Road Administration (Zinara) has hiked toll fees in local currency with effect from February 1, 2023.

In a statement yesterday, Zinara said the toll fees in local currency will apply in terms of Section 4 of Statutory Instrument 32 of 2021, which states that toll fees which are pegged in foreign currency are payable in Zimbabwean dollars at the prevailing foreign currency auction rate.

The hike in toll fees came as Reserve Bank of Zimbabwe’s foreign currency auction results showed that the Zimbabwe dollar continues to be on freefall, and is now trading at Z$801 to the US$, up from Z$732 last month.

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