GMAZ Threatens To Stop Supplying Wholesalers & Retailers Rejecting RTGS Dollar

GMAZ has threatened to stop supplying wholesalers and retailers who are withholding stocks and refusing to accept the bond which is Zimbabwe’s official currency in favour of the USD, The Herald report.

This was communicated by the association’s Chairman Tafadzwa Musarara who said their products which include maize-meal, self-raising flour, salt, rice, sugar beans and soya chunks can be bought using bond notes or mobile money:

We urge all entities distributing our products to accept all local bank notes and use them to buy from us or bank them and pay for our products by bank transfer. Our products can be bought using either cash or mobile money or bank transfers. We demand that the same payment arrangement be extended to consumers.

Musarara further warned the wholesalers and retailers that GMAZ will partner with Consumer Council of Zimbabwe to stop the practice. The bond note has seriously depreciated in value against the greenback which has prompted many businesses to prefer the latter when conducting business rather than the RTGS dollar.

More: The Herald