Ministry of Finance and Economic Development ordered that payments of taxes by corporates be rendered mainly in the local currency (ZWL).

For clarity, SDRs can be viewed as a generosity of the IMF, which are issued to all its member countries for free, mostly in times of severe crises.

The scarcity of money supply arising from the aforementioned interventions will result in reduced demand for goods and services in the economy.

In Gokwe North, the coal fields of Senga are tipped to supply input (energy feedstock) for the proposed Gokwe North Thermal Power Station.

This is, however, dependent on the fact that the costs surrounding the projects are not inflated, they are completed on time and are of an acceptable standard or quality. 

This would translate into greater GDP growth, foreign currency earnings and higher employment levels within the country.

It can be used to make local payments, send cash domestically or internationally, offer credit, access insurance products, and so forth.

Resultantly, counterfeit products usually contain low quality inputs, harmful additives and may even cause disease or death.

The financial transfers were marked as payment for “technical expertise” and “licencing of intellectual property (leased technologies and the use of brand name)”.

When companies under-declare their profits due to IFFs, the government will collect much less revenues than it would have collected, if the companies had chosen to be honest.