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Schools Reject ZiG Payments

10 months agoFri, 03 May 2024 12:16:11 GMT
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Schools Reject ZiG Payments

Schools are refusing to accept the recently introduced Zimbabwe Gold (ZiG) currency and demanding payment of full fees in foreign currency.

ZiG has been widely accepted by major supermarkets but the government’s failure to compel fuel service stations to sell their products in the local currency will be used to justify the rejection of the structured currency by some service providers.

ZiG is circulating in a basket of currencies, and therefore a legal tender but citizens cannot apply for passports using the local currency.

According to The Manica Post, this week most schools in Manicaland Province were turning away parents and guardians who wanted to pay fees and levies in local currency.

The schools were claiming that they were yet to synchronise their transaction systems with the new ZiG currency.

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The claim, however, does not make sense as most fees are paid through banks whose systems have already been configured and calibrated to the new currency.

Some of the schools were advising parents that they will only accept the new currency when they reopen. This is the same strategy they used during the RTGS era, hoping that the interbank bank rate would have gone up.

Parents who were making payments in foreign currency were readily served.

The Manica Post further reported that boarding schools in the province were demanding fees and levies exclusively in foreign currency.

Director of communications and advocacy in the Ministry of Primary and Secondary Education, Taungana Ndoro reiterated the Government’s position that parents have the freedom to pay in a currency of their choice (forex or ZiG). Said Ndoro:

As schools prepare to reopen on May 7, 2024, the Ministry of Primary and Secondary Education would like to reiterate an important policy regarding school fees payment.

According to Secretary’s Circular No. 10 of 2022, Government’s position is that school fees should be paid in the local currency, which is now referred to as ZiG.

It is essential to note that no school should compel parents to pay fees or levies exclusively in foreign currency as Zimbabwe operates under a multi-currency regime. Parents have the freedom to pay in a currency of their choice.

In cases where fees are pegged in foreign currency for value preservation purposes, parents can make their payments in the local currency at the prevailing interbank rate of the day of the transaction.

This ensures that the fees are appropriately converted into any currency equivalent. The Ministry of Primary and Secondary Education emphasizes compliance with this policy to ensure fairness and flexibility in fee payments for all parents and guardians.

More: Pindula News

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28 Comments

hh · 10 months ago
nyoooo
ZiG zag · 10 months ago
let govt lead by example!
ABC · 10 months ago
Believe it or not...after independence, we grew up eating a pork pie that was 10% flour and 90% tasty meat with less salt which you could cut and share with family for roughly the same USD price today.
Jahmael ke @Kgosi De_Ricch · 10 months ago
School Headmasters and Headmistress are ain't paying attention to Zig, that's rough
Nyack · 10 months ago
gvt depts are not accepting zvig so why force school to hold onto what you personally don't want
1
dhadza · 10 months ago
vakadii kuramba rtgs?they are making noise for nothing.kuvenga gvt ikutonga hakubatire chinhu,chinobatsira ku implementa zvataurwa.
Eric · 10 months ago
havamadi kaa😁
popo · 10 months ago
Mr spokesperson come and run the school for one week using your zig and have the feel of the heat. don't just say it's policy ,come and use it and experience the reality. it's tough Mr spokesperson.
Dhadza · 10 months ago
maticha zvikoro ndezvenyu here?iwe headmaster ndechako here chikoro?
Tawa · 10 months ago
Fess ndoyammuno kuti ibhadharwe neZiG asi road runner riri kutengwa neU$.
Anonymous · 10 months ago
They will always supply the stick. There is no carrot.
Anonymous · 10 months ago
Zvikoro nema teacher zvagara zvine nyaya dzadzo nehurumende. They are working in the opposition corner.
patz · 10 months ago
Hapana opposition politics apa. Its gvt and its institutions failing to agree on some economic issues. The institutions have some reasons why they are insisting on USD dollars and the Ministry does not want to listen because their is a policy- an unfavourable one for that matter. The Ministry should listen and find a common solition rather than sleeping on duty hiding behind a policy
@Anonymouse · 10 months ago
Ko vanotengesa fuel nema USD vakavenga hurumende here?
Hhh · 10 months ago
As long as Zanupf iri panyanga, madhisinyongoro ega ega. Vakafa vakazorora havo
patz · 10 months ago
To be fair if Zimbabwe is a multi currency economy it means the providers of services should also be paid using the currency of their choice. The demand a certain currency from clients means there are compelling reasons to do so and a very good example are bus operators. They have every reason to do so coz their main input in their business is fuel which is available in USD.
Ordinary Citizen · 10 months ago
No lie detected❗❗❗

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