{"id":61674,"date":"2022-06-27T16:01:49","date_gmt":"2022-06-27T14:01:49","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/just-in-if-you-borrow-usd-repay-in-usd-new-statutory-instrument"},"modified":"2022-06-27T18:17:01","modified_gmt":"2022-06-27T16:17:01","slug":"just-in-if-you-borrow-usd-repay-in-usd-new-statutory-instrument","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/just-in-if-you-borrow-usd-repay-in-usd-new-statutory-instrument","title":{"rendered":"JUST IN: If You Borrow USD, Repay In USD \u2013 New Statutory Instrument"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>The government has announced the introduction of a new Statutory Instrument that will compel debtors to repay in the currency they would have borrowed, for instance, those who borrow USD will repay in USD.<\/p>\n<p>The announcement was made by Finance and Economic Development Secretary, George Guvamatanga at a press conference held in Harare this Monday.<\/p>\n<p>He said the Statutory Instrument will be issued today (27 June 2022).<\/p>\n<p>He said the legislation is introduced after financial institutions including banks have been complaining that people are borrowing USD and would repay in Zimbabwe dollars.<\/p>\n<p>This would put them at a disadvantage considering that the local currency is shedding value against the United States dollar and other currencies.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. The government has announced the introduction of a new Statutory Instrument that will compel debtors to repay in the currency they would have borrowed, for instance, those who borrow USD will repay in USD. The announcement was made by Finance and Economic Development Secretary, George Guvamatanga at a press conference held in [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":61673,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,1806,327,19,968],"class_list":{"0":"post-61674","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-george-guvamatanga","14":"tag-inflation","15":"tag-zimbabwe","16":"tag-zimbabwe-dollar"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JUST IN: If You Borrow USD, Repay In USD \u2013 New Statutory Instrument - zimbabwe<\/title>\n<meta name=\"description\" content=\"The government has announced the introduction of a new Statutory Instrument that will compel debtors to repay in the cur ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/just-in-if-you-borrow-usd-repay-in-usd-new-statutory-instrument\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JUST IN: If You Borrow USD, Repay In USD \u2013 New Statutory Instrument\" \/>\n<meta property=\"og:description\" content=\"The government has announced the introduction of a new Statutory Instrument that will compel debtors to repay in the cur ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/just-in-if-you-borrow-usd-repay-in-usd-new-statutory-instrument\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-27T14:01:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-27T16:17:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/06\/postQueueImg_9-62b9d7cce55e9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"625\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/just-in-if-you-borrow-usd-repay-in-usd-new-statutory-instrument\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/just-in-if-you-borrow-usd-repay-in-usd-new-statutory-instrument\",\"name\":\"JUST IN: If You Borrow USD, Repay In USD \u2013 New Statutory Instrument - 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